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Otrada [13]
3 years ago
13

g Consider the following two separate events for a company during the year: 1. Gain on sale of investments = $10. 2. Unrealized

gain on investment from increase in fair value = $20. The company reports the unrealized gain as a component of other comprehensive income. By how much would these two events increase net income and comprehensive income, ignoring tax effects?
Business
1 answer:
Nina [5.8K]3 years ago
7 0

Answer:

B.) Net income = $10; Comprehensive income = $30.

Explanation:

The computation and effect of these two events increase net income and comprehensive income is shown below:

Since there is a gain on sale of investment so it increased the net income

So the net income would be increased by $10

And, there is an Unrealized gain on investment from an increase in fair value of $20

So, the comprehensive income increased by

= $10 + $20

= $30

Hence, the correct option is B

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Answer:

The correct answer is: a positive correlation.

Explanation:

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3 years ago
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Answer: Loving and accpeting myself for who I am

Explanation:

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4 years ago
A company purchased a machine for $193,000 on October 1, 2021. The estimated service life is 10 years with a $19,800 residual va
mestny [16]

Answer:

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December 31, 2021

Dr Depreciation expense 4,330

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After an investigation by the DBPR, if the complaint is not dismissed and no ESO is issued, a hearing is held. This is further explained below.

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