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Anastaziya [24]
2 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]2 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

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3 0
11 months ago
If an economy experiences a decrease in aggregate demand due to a decline in consumer confidence and output falls below potentia
attashe74 [19]

Answer:

a. rise in unemployment

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7 0
3 years ago
Which financial statement is prepared last? a. statement of owner's equity b. income statement c. balance sheet d. the financial
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6 0
1 year ago
The building code of River City requires that elevators in public buildings be inspected every nine months. Hal did not have the
Archy [21]

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3 0
3 years ago
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I hope this helped!
4 0
3 years ago
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