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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

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Joshua borrowed $500 on January 1, 2017, and paid $25 in interest. The bank charged him a service charge of $15. He paid it all
Elena-2011 [213]

Answer: 8%

Explanation:

The Annual Percentage Rate or APR for short is calculated by dividing the finance cost by the total amount borrowed in the following manner,

APR = Finance Charge / Amount borrowed.

To calculate the Finance charge we add the interest and the service charge.

Finance charge = 25 + 15

= $40

Back to the APR formula we will have,

APR = Finance Charge / Amount borrowed

APR = 40/500

= 0.08

APR is 8%.

3 0
3 years ago
After recently having repairs made to a refrigerator, Tammy has found that it has a new problem. Tammy has an opportunity to buy
just olya [345]

Answer: The cost of the previous repairs.

Explanation:

7 0
4 years ago
Bedrock Company reported a December 31 ending inventory balance of $416,000. The following additional information is also availa
Brrunno [24]

Answer:

$392,400

Explanation:

The computation of correct balance for ending inventory on December 31 is shown below:-

Correct balance for ending inventory = Ending inventory – Office supplies

= $416,000 - $23,600

= $392,400

Therefore for computing the correct balance for ending inventory we simply deduct the office supplies from ending inventory and ignore all other amounts as they are not relevant.

3 0
3 years ago
Gregory knew that he was going to have to pay a premium for buying a home in a certain area but was determined to do so because
labwork [276]

The characteristic of value that is represented here is <u>C. Situs.</u>

<h3>What is Situs?</h3>

Situs refers to the location of the property in legal terms.  The location of an asset adds or subtracts value from the property. Some properties are located in urban areas where the demand is much more than in suburbs or rural areas.  Such properties attract equivalent values based on their locations.

<h3>Answer Options:</h3>

A. Scarcity

B. Nolo Contendere

C. Situs

D. Caveat Emptor

Thus, the characteristic of value represented in this scenario is not scarcity, nolo contendere, or caveat emptor, but <u>Option C. Situs.</u>

Learn more about the location of a real estate at brainly.com/question/26010601

7 0
3 years ago
In building a sustainable organization, management should strive to make the organization sustainable in three areas ? ________.
DochEvi [55]
The three areas are; "the economy, the environment, and society".

Sustainability organizations are composed of groups of individuals that plan to propel sustainability or potentially those activities of sorting out something economically. Dissimilar to numerous business associations, sustainability associations are not restricted to actualizing sustainability methodologies which furnish them with financial and social advantages accomplished through ecological duty. For these associations or organizations, sustainability can likewise be an end in itself without additional explanations.
5 0
3 years ago
Read 2 more answers
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