1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Anastaziya [24]
3 years ago
10

On January 1, 2017, Sunland Industries had cash and common stock of $196000. At that date the company had no other asset, liabil

ity or equity balances. On January 2, 2017, it purchased $165000 of equity securities for cash that it classified as available-for-sale. It received cash dividends of $11800 during the year on these securities. In addition, it had an unrealized holding gain on these securities of $31800 net of tax. Based on this information, what is the amount of comprehensive income in 2017?
Business
1 answer:
Dafna1 [17]3 years ago
5 0

Answer:

$32,980

Explanation:

The computation of comprehensive income is shown below:-

Comprehensive income = Cash dividend + Unrealized holding gain

= $11,800 + $31,800

= $32,980

Comprehensive income includes net profit and other complete or compression  profits.

Net revenue involves operating and non-operating income, net of expenses . Other comprehensive profits consisted of unrealized gains or losses, cash flow hedges.

So in this question we considered the dividend and unrealized holding gain as an comprehensive income

You might be interested in
Burnett Corp. pays a constant $8.25 dividend on its stock. The company will maintain this dividend for the next 13 years and wil
Valentin [98]

Answer:

$55.134

Explanation:

Given

dividend paid on its stock = $8.25

Duration is next 13 years

P0 = dividend on its stock × (PVIFA of return on this stock,years)

Remember PVIF = (1 - (1 + r)^-n)/r

Where PVIFA = present value interest factor of annuity

r = interest rate per period

n = number of periods

Therefore

P0 = $8.25 × (PVIFA11.2%,13)

P0 = $55.134

6 0
3 years ago
Read 2 more answers
Which of the following is a PRE-READING activity designed to help build reading comprehension
kondaur [170]
I think the correct answer would be the second option. Paraphrasing the ideas within a document is an activity that would help building reading comprehension. Paraphrasing ideas would require one to understand the context of the sentence so that you can write it in your own way so in a way it helps comprehension.<span />
7 0
3 years ago
What would be the amount of deposits D, given that the monetary base MB $750 billion, the required reserve rate (r) -0.1, the ex
Thepotemich [5.8K]

Answer:

$574.71 billion.

Explanation:

The formula for calculating amount of deposits is as follows:

D= \frac{1}{(C/D)+rr+(ER/D)}\times MB

where,

D = Deposits

rr = required reserve rate

ER/D = excess reserve rate

C/D = non-bank currency to deposits

D= \frac{1}{(1.2)+0.1+(0.005)}\times 750

D = 574.712644

D = 574.71

Therefore,  the amount of deposits is $574.71 billion.

4 0
3 years ago
Our company can produce a product that incurs the following costs per unit: direct materials, $10; direct labor, $24, and overhe
kvasek [131]

Answer:

net incremental cost = $ 2.2

Explanation:

Data provided:

Direct material cost = $ 10  per unit

Direct labor cost = $ 24  per unit

Overhead cost = $ 16 per unit

thus,

the total cost of the product = $ 10 + $ 24 + $ 16 = $ 50

Now,

if bought from outside cost = $ 45

Overhead cost if bought from outside = 45% of the overhead cost

= 0.45 × $ 16 = $ 7.2

hence, the total cost if bought from outside = $ 45 + $ 7.2 = $ 52.2

since, the cost of product if bought from outside side is greater than the product is produced by own

therefore, the net incremental cost = $ 52.2 - $ 50 = $ 2.2

3 0
3 years ago
The specific resources used in a company’s production are called
Goryan [66]

Answer: inputs.

Explanation:

3 0
3 years ago
Read 2 more answers
Other questions:
  • Within its human resource​ department, hoosier enterprises has a vice president of human​ resources, a director of human​ resour
    11·1 answer
  • Is product packaging an important part of product planning
    10·1 answer
  • Give brief definitions of the following concepts: Game theory, cooperative equilibrium, noncooperative equilibrium, dominant str
    11·2 answers
  • In the 2-factor, 2-good Heckscher-Ohlin model, the country with a relative abundance of ________ will have a production possibil
    13·1 answer
  • Edelman Engines has $11 billion in total assets. Its balance sheet shows $1.1 billion in current liabilities, $7.7 billion in lo
    5·1 answer
  • Closing entries:
    5·2 answers
  • Tony made the following table to compare two career paths that he would like to consider. Review his table. Then, answer the que
    13·2 answers
  • The manufacturer wishes to set up a control chart at the final inspection station for a gas water heater. Defects in workmanship
    8·1 answer
  • Show the effect of each transaction on the three basic accounting elements by indicating the dollar amount of the increase or de
    11·1 answer
  • Externalities Musashi plants a variety of trees, shrubs, and flowers in his yard. The landscaping beautifies the neighborhood. W
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!