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ivann1987 [24]
4 years ago
7

An inexperienced accountant for Indigo Corporation showed the following in the income statement: income before income taxes $321

,000 and unrealized gain on available-for-sale securities (before taxes) $92,400. The unrealized gain on available-for-sale securities and income before income taxes are both subject to a 33% tax rate. Prepare a correct statement of comprehensive income.
Business
1 answer:
KATRIN_1 [288]4 years ago
8 0

Answer:

$276,978

Explanation:

Statement of comprehensive income

Income before income taxes: $321,000

Income taxes expenses: $321,000*33%= $105,930

Net Income/loss= $321,000-$105,930

=$215,070

Other comprehensive income

unrealized gain on available-for-sale securities

($92,400-($92,400*33%)

=$92,400-$30,492

=$61,908

Comprehensive income:

$215,070+$61,908=$276,978

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Answer:

A safety protection clause in a listing agreement entitles the real estate broker or agent to a commission after the listing expires or is canceled. This applies when the final buyer was brought to the deal by the broker.

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3 years ago
Market equilibrium is: Select one: a. the point at which a nation reaches full employment b. the time period used to determine t
fenix001 [56]

Answer:So far we have learned to measure real GDP, but how do we end up with that real GDP? Of all of the different amounts of national income and price levels that might exist, how do we gravitate toward the one that gets measured each year as real GDP?

In short, it is the interaction of the buyers and producers of all output that determines both the national income (real GDP) and the price level. In other words, the intersection of aggregate demand (AD) and short-run aggregate supply (SRAS) determines the short-run equilibrium output and price level.

Once we have a short-run equilibrium output, we can then compare it to the full employment output to figure out where in the business cycle we are. If current real GDP is less than full employment output, an economy is in a recession. If current real GDP is higher than full employment output, an economy is experiencing a boom. If the current output is equal to the full employment output, then we say that the economy is in long-run equilibrium. Output isn’t too low, or too high. It’s just right.

Explanation: hope this helps

6 0
3 years ago
Keeping a copy of an encryption key with a trusted third party is known as select one:
qaws [65]
Key management is the answer
6 0
3 years ago
16. What size paper should you use for a legal document?
hichkok12 [17]

The answer is C.

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Best of Luck!

8 0
3 years ago
David retires at the age of 70, the last year he worked he earned $40,000 and his social security payments for the first ear tot
Maru [420]

If David retires at the age of 70, the last year he worked he earned $40,000. His replacement rate is: 50%.

<h3>Replacement rate</h3>

We would be using this formula to determine the replacement rate

Replacement rate=Social security payments/Amount earned last year ×100

Where:

Social security payments=$20,000

Amount earned last year=$40,000

Let plug in the formula

Replacement rate=$20,000/$40,000

Replacement rate=0.5×100

Replacement rate=50%

Therefore If David retires at the age of 70, the last year he worked he earned $40,000. His replacement rate is: 50%.

Learn more about replacement rate here:brainly.com/question/24259069

#SPJ1

6 0
2 years ago
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