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3 years ago

Do entities report revenues, expenses, gains, and losses in net income or other comprehensive income? Explain.

Business

1 answer:

I am Lyosha [343]3 years ago

3 0

Answer:

Revenue Expenses in net income

Gain / losses in Other comprehensive income

Explanation:

Revenue and Expenses of an entity is reported in the net income section of income statement. the second section of income statement deals with unrealized gains / losses and any gain or losses from discontinuing operations as well. Net income also added to the other comprehensive income to calculate total net income or total comprehensive income.

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Suppose Ruston Company has the following results related to cash flows for 2018: Increase in Debt of $700,000 Dividends Paid of

AveGali [126]

Answer:

Cash flow generated from financing activities 400,000

Cash flow used in Investing activities 7,800,000

Explanation:

700,000 debt receive

-500,000 dividends paid

200,000 other adjustment on Financing

400,000 TOTAL CASH GENERATED

-8,300,000 purchase of PPE

500,000 other adjustment on Inventing

-7,800,000 TOTAL CASH USED

Notice: There is no hint about the adjustment being related as negative, so it should be assuem are positive cashflow.

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3 years ago

You are considering two mutually exclusive projects. Project A costs $3.6 million, has a required return of 14.5 percent, and an

sp2606 [1]

Answer:

Neither

Explanation:

The internal rate of return is a capital budgeting method that is used to determine the profitability of a project.

Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested

The decision rule when using the internal rate of return is to undertake the project if the internal rate of return is greater than the required return of the project. If this is not met, the project should be rejected.

If choosing between multiple projects, the decision rule is to choose the projects with the highest internal rate of return. This is because that project would be the most profitable.

Neither of the project should be selected because the IRR of both projects is less than their required returns

3 0

3 years ago

Why aren‘t magazine photos a good representation ofwhat a healthy person looks like?

Arte-miy333 [17]

Magazine photos are not a good representation of what a healthy person looks like because they often show pictures of people who has a skinny and or people who only has built or toned body without having to discuss other factors that should be considered such as mentally or psychologically. They are mostly focused on the physical appearance.

6 0

4 years ago

what ammendment isthisSixteen-year old Ryan is the captain of the football team. Before the Friday night game, he and his teamma

ad-work [718]

The fourth amendment constitutes this.

7 0

3 years ago

Which of the following should not be recorded in income and expenditure account?

kirill [66]

Answer:

C. honorarium paid to the secretary

Explanation:

6 0

3 years ago

Do entities report​ revenues, expenses,​ gains, and losses in net income or other comprehensive​ income? Explain.

Do entities report revenues, expenses, gains, and losses in net income or other comprehensive income? Explain.