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tester [92]
3 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]3 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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In 2013, the Bureau of Labor Statistics (BLS) announced that of all adult Americans, 143,929,000 were employed, 11,460,000 were
xz_007 [3.2K]

Answer:

A

Explanation:

To calculate the adult population, we simply make use of the data available from the BLS.

We can simply make the calculations by adding the number of employed Adult Americans to the number of unemployed adult Americans.

We simply do not have any business with the number not in labor force because they are actually part of those that are employed but are not just in the labor force.

The adult population is thus:

143,929,000 + 11,460,000 =155,389,000

6 0
4 years ago
External equity refers to ________. A. how a job’s pay rate in one company compares to the job’s pay rate in other companies B.
Lerok [7]

Answer: how a job’s pay rate in one company compares to the job’s pay rate in other companies

Explanation: External equity refers to the situation when a company's pay rate differs from the market's pay rate to the employees of the organisation. It is also termed as matching strategy.

It is considered as a major factor in employing and retaining sufficient employees in the organisation. Therefore, lesser the external equity the better it is.

From the above explanation we can conclude that the correct option is A.

4 0
3 years ago
Miller, Inc. has 5,000 shares of 6%, $400 par value, cumulative preferred stock and 100,000 shares of $4 par value common stock
grin007 [14]

Answer:

$40,000

Explanation:

Calculation to determine the amount of dividends received by the common stockholders in 2017

First step is to calculate the preferred stock

Preferred stock=(5,000 shares*$400)*6%

Preferred stock=$2,000,000*6%

Preferred stock=$120,000

Now let calculate the amount of dividends received by the common stockholders in 2017

Dividend Received=($200,000-$120,000)/2

Dividend Received=$80,000/2

Dividend Received=$40,000

Therefore the amount of dividends received by the common stockholders in 2017 will be$40,000

4 0
3 years ago
Easton Co. deposits all cash receipts on the day they are received and makes all cash payments by check. At the close of busines
goblinko [34]

Answer:

                                         ADJUSTED BOOK BALANCE

Bank balance              $59,549      Book balance         $61,709

+ Deposit in transit      $4,250        Interest earned          $33

- Outstanding checks  <u>$2,075</u>        Bank service fees      <u>$18</u>

Adjusted book             <u>$61,724</u>                                    <u>$61,724</u>

balance

8 0
3 years ago
What vehicle looks the same coming or going
masya89 [10]
1958 Zundapp Janus 250
7 0
3 years ago
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