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ipn [44]
3 years ago
11

Each of the following would be reported as items of other comprehensive income except:a. foreign currency translation adjustment

. b. gain on projected pension benefit obligation. c. deferred gain from derivatives. d. gain from the sale of equipment.
Business
2 answers:
pashok25 [27]3 years ago
8 0

Answer:

The correct answer is D

Explanation:

Other comprehensive income is income which involve losses, revenues, gains and expenses under both IFRS (stands for International Financial Reporting Standards) and GAAP (stands for Generally Accepted Accounting Principles), which are excluded from the net income on the income statement. In short, it means that are listed after the net income on the income statement.

The followings are stated under the income statement, which are:

Foreign currency translation gains or losses.

Gain on the projected obligation of pension benefit.

Pension prior service costs or credits.

Deferred gain from derivatives.

Bond [772]3 years ago
5 0

Answer:

d. gain from the sale of equipment.

Explanation:

Other Comprehensive income: It is financial analysis tools that include all income, gain and losses which are not yet realized or paid. Other comprehensive income can be found in the liability side of Balance sheet as it is not realized in the specified accounting year.

There are few prime example of other comprehensive income:

  • Unrealized income from investment.
  • Bonds.
  • foreign currency translation.
  • Pension plan.

Therefore, in the given items all are reported as other comprehensive income except gain from sale of equipment as it is recognized income.

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According to the path-goal theory, directive leadership will lead to higher employee satisfaction when there is ________ within
lakkis [162]

Answer:

The correct answer here would be Cohesiveness.

Explanation:

Path goal theory is a type of motivational theory, which tells about how leaders can motivate their subordinates in accomplishing the designated goals.  Here directive leadership will help in increasing employees satisfaction when there is cohesiveness with in a work group. Cohesion in the group means that people in the group are working in unity and works towards achieving the goals and also satisfying emotional needs of group members.

8 0
3 years ago
A firm plans to begin production of a new small appliance. The manager must decide whether to purchase the motors for the applia
blondinia [14]

Answer:

If the firm is going to need less than 50,000 motors, they should purchase them from the outside vendor.

If the firm is going to use between 50,000 to 59,999 motors, it should use process A.

If the firm expects to use 60,000 or more motors per year, it should use process B.

Explanation:

Process A:

contribution margin per unit = $11 - $7 = $4

break even number of units = $200,000 / $4 = 50,000 units

Process B:

contribution margin per unit = $11 - $8 = $3

break even number of units = $180,000 / $3 = 60,000 units

8 0
2 years ago
The Lowery Co. uses the direct write-off method of accounting for uncollectible accounts receivable. Lowery has a customer whose
olchik [2.2K]

Answer:

Debit Bad Debt Expense; Credit Accounts Receivable

Explanation:

Bad debts expense is related to a company's current asset accounts receivable. Bad debts expense is also referred to as uncollectible accounts expense or doubtful accounts expense.

When a cash payment is received from the debtor, cash is increased and the accounts receivable is decreased. When recording the transaction, cash is debited, and accounts receivable are credited.

8 0
2 years ago
The Smiths are saving money for a down payment on a house. The Smiths have $25,000 in cash, and they estimate that in 5 years th
s2008m [1.1K]

Options :

A)net present value of the $25,000.

B)future value of the $25,000.

C)internal rate of the return on the $25,000.

D)present value of $25,000.

Answer: B)future value of the $25,000.

Explanation: The Smith's calculation and subsequent result which yielded $31,000 refers to the future value of $25,000. The initial $25000 is the present value of the amount held. If the initial amount is saved or deposited over a certain number of years in an account which yields a certain rate of interest per annum and is compounded either on a monthly, yearly, quarterly or semiannual basis as the case may be, in this scenario above, the interest is called mounded annually. This initial amount will grow and yield an amount which is greater than the present deposit. This is called the future value of the initial deposit.

8 0
2 years ago
The advantage of having many potential suppliers is their willingness to A. provide technical expertise. B. participate in JIT.
Stolb23 [73]

Answer:

d

Explanation:

the more the suppliers the more the competition would be among suppliers to gain customers. As a result, they would offer lower prices in the short run to customers to gain them.

In the long run, suppliers would leave the oversaturated industry and equilibrium would be restored.

6 0
2 years ago
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