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
"research industry standards" is the answer i believe
Two primary forms you could use would be 1. Birth certificate and 2. Social security card.
Answer:
A)
Bank reconciliation:
Bank balance Augusts 31 $18,340
+ Deposits in transit $2,830
<u>- Outstanding checks $3,520</u>
Reconciled bank account $17,650
Cash balance reconciliation:
Cash balance August 31 $17,350
+ Error in recording check $360
<u>- Bank fees $60</u>
Reconciled cash account $17,650
B) Cash account balance $17,650
Answer:
C) devaluation and revaluation
Explanation:
Devaluation and revaluation is the way that government changes the exchange rate of it's currency in relation to others.
Devaluation is the reduction of the exchange rate of a countrie's currency usually against the United States dollar. This reduces the currency value in relation to the foreign currency.
Revaluation on the other hand is when a country increases the exchange rate, making the value higher against foreign currency.
