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tester [92]
4 years ago
7

An inexperienced accountant for Ayayai Corp. showed the following in the income statement: income before income taxes $250,000 a

nd unrealized gain on available-for-sale securities (before taxes) $85,000. The unrealized gain on available-for-sale securities and income before income taxes are both subject to a 25% tax rate. Prepare a correct statement of comprehensive income.
Business
1 answer:
Veseljchak [2.6K]4 years ago
8 0

Answer:

                          Ayayai Corp.

      Statement of Comprehensive Income

            For the Year Ended xxx, 202x

Net income                                                $187,500

Other comprehensive income:

<u>Unrealized gain on AFS securities           $85,000</u>

Comprehensive income                          $272,500

Explanation:

In order to prepare a statement of comprehensive income we first need to determine net income after taxes = $250,000 x (1 - 25%) = $187,500

Unrealized gains or losses are not taxed until they are actually realized (either make profit or lose money).

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If in some year nominal gdp was $10 trillion and real gdp was $4 trillion, what was the gdp deflator?
Reil [10]


GDP Deflator= (Nomial GDP÷ Real GDP)×100
=(10÷4)×100
THUS GDP deflator = 250
7 0
4 years ago
"The spot price of the market index is $900. A 3-month forward contract on this index is priced at $930. What is the profit or l
Mademuasel [1]

Answer:

$10 profit

Explanation:

In this question, we are asked to calculate the profit or loss to a short position.

Firstly, we identify that the spot price of market index is $900.

Now, a three months forward contract equals a value of $930.

Raising the index to $920 at the expiry date is obviously a profit to the short position.

To calculate the profit here, we simply subtract the index at expiry date from the three months forward contract.

Mathematically, this is equal to $930-$920 = $10 profit

8 0
3 years ago
Sarah and Bill were recently hired at the local manufacturing plant. Before being hired, they were interviewed by the team membe
Karolina [17]

Answer:SELF-MANAGED

Explanation: A self managed team is a team where only the members of the team or Organisation plans,organises and cordinate the Activities of the team or Organisation. This type of team is also known as a self-organised or self-controlled team or Organisation,as all management functions are rotated among the members of the team or organisation.

Self managed teams or Organisation is semi-autonomous of external parties, they depend on the personnel inside the Organisation.

4 0
3 years ago
Over which of the following factors affecting profits does a business have the most control:
Paul [167]

The factor that affecting profits to a business that have the most control is the expenses.

<h3>How expenses affect profit?</h3>

The expenses play the major role to affect the profit of business organizations, as it is clear that if the firm incurred more expenses in various things that are not related to the business, then ultimately the profit level decreases, and vice-versa.

Therefore, option A is correct.

Learn more about the profit, refer to:

brainly.com/question/15036999

#SPJ1

8 0
2 years ago
Consider this​ statement: "Persistent inflation in a growing economy is possible only if the aggregate demand curve shifts right
horrorfan [7]

Answer:

This statement is describing demand pull inflation.

Explanation:

If the aggregate demand increases the demand curve will shift rightwards. But if the increase in demand is higher than increase in supply this will lead to an increase in the price level. The output level will increase but constant increase in price will cause inflationary pressures. This is referred toa as demand-side inflation.

4 0
3 years ago
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