Answer:
Statement of Comprehensive Income for 2021;
Net Income = $1,376,000
Other Comprehensive income (loss):-
Foreign Currency Translation Gain (Net of Tax):
= $350,000 - 25% of $350,000
= $350,000 - $87,500
= $262,500
Unrealized losses on investment securities (Net of tax):
= $90,000 - 25% of $90,000
= $90,000 - $22,500
= ($67,500)
Total other Comprehensive income:
= Foreign Currency Translation Gain (Net of Tax) + Unrealized losses on investment securities (Net of tax)
= $262,500 + ($67,500)
= $262,500 - $67,500
= $195,000
Comprehensive Income = Net Income + Total other Comprehensive income
= $1,376,000 + $195,000
= $1,571,000
Answer:
Sales Price Variance is $ 4,500 Adverse
Sales Volume Variance is $ 12,000 Unfavorable
Explanation:
The difference between the standard and actual selling price, multiplied with actual number of units sold, is known as sale price variance
The difference between the standard and actual number of units sold, multiplied with standard price is Known as Sales volume variance
Budgeted Actual
Units Sale price Total Units Sale price Total
10,000 $12.00 $120,000 9000 11.50 103,500
Sales Price Variance = (Standard price - Actual Price) x Actual Sales
= (12 - 11.5) x 9000
= $ 4,500 Adverse
Sales Volume Variance = ( Standard units - Actual units) x Standard Price
=(10,000 - 9000) x 12
= $ 12,000 Unfavorable
Answer:
capital is the answer to your question
Answer:
$13,000
Explanation:
Consider the movement at year end 2020
2018
Fair value adjustment $4,000 (debit)
Investment in Jedi Jewelers $4,000 ( credit)
2019
Investment in Jedi Jewelers $10,000 ( credit)
Fair value adjustment $10,000 (debit)
2020
Investment in Jedi Jewelers $7,000 ( credit)
Fair value adjustment $7,000 (debit)
<u>Balance in the Fair Value Adjustments :</u>
Balance = ($4,000)+$10,000+7,000
= $13,000
Answer:
B . Moody's
Explanation:
There are three major companies that provide credit rating services in the US. They are
- Standard and Poor (S&P)
- Moody’s Investor Services
- The Fitch Group
Each agency uses unique letter-based scores to indicate if a debt has a low or high default risk and the financial stability of its issuer.