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ValentinkaMS [17]
3 years ago
13

The following information relates to Bonita Co. for the year ended December 31, 2017: net income 1,298 million; unrealized holdi

ng loss of $11.3 million related to available-for-sale debt securities during the year; accumulated other comprehensive income of $51.9 million on December 31, 2016. Assuming no other changes in accumulated other comprehensive income.
Determine (a) other comprehensive income for 2017, (b) comprehensive income for 2017, and (c) accumulated other comprehensive income at December 31, 2017. (Enter answers in millions to 1 decimal place, e.g. 25.5. Enter loss using either a negative sign preceding the number e.g. -45.2 or parentheses e.g. (45.2).)

(a) Other comprehensive income(loss) for 2017 $
The following information relates to Bonita Co. fo

million
(b) Comprehensive income for 2017 $
The following information relates to Bonita Co. fo

million
(c) Accumulated other comprehensive income $
The following information relates to Bonita Co. fo

million
Business
1 answer:
tester [92]3 years ago
3 0

Answer: a) $(11.3) million

b)$1,286.7million

c)$40.6 million

Explanation:This does not involve lengthy explanation.

(a) Other comprehensive income for 2017 =unrealized holding loss =available-for-sale securities during the year= $(11.3) million

(b) Comprehensive income for 2017= net income-unrealized holding loss =

$1,286.7million (1,298 - 11.3)

(c) Accumulated other comprehensive income = accumulated other comprehensive income -unrealized holding loss

$40.6 million (51.9 - 11.3)

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When positive externalities are present in a market a. private benefits will be greater than social benefits. b. social benefits
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Answer:

b. social benefits will be greater than private benefits

Explanation:

Positive externalities can be defined as those that produce positive effects for society in relation to the consumption of a good or service.

This is because the social benefit is the sum of the private benefit plus the sum of the external benefit.

An example of positive externality pertinent to the present is the fact that vaccinating people generates greater positive effects on society, because when vaccinating an individual there is less chance of having more people infected with some disease.

So it is correct to say that the social benefits will be greater than the private ones. Letter b.

5 0
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Answer:

E) Both the accounts receivable and the accounts payable periods

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The account receivable and the accounts payable affect the length of the cash cycle. This is because, the longer the cash cycle, the more likely a firm will need external financing.

4 0
3 years ago
2.3 The Ledger and Posting
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8 0
1 year ago
Southern gardeners normally pay $5 for a 2-cubit-foot bag of pine bark mulch that they buy at their local gardening-supply and h
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