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Klio2033 [76]
3 years ago
6

Which of the following items is not classified as other comprehensive income (OCI)?

Business
1 answer:
Anna [14]3 years ago
5 0

Answer:

The answer is: A) Extraordinary gains from extinguishment of debt.

Explanation:

Other comprehensive income (OCI) refers to gains that have an effect on the balance sheet of a business but are not included in its income statement. They are reported separately on the statement of comprehensive income along with the net income. These gains have not yet been realized. For example, your company owns government bonds and their price increases, but the company has not sold them yet, so no capital gain has been realized.

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As a general rule concerning job offers, it can be said that __________. select one:
AlladinOne [14]
As a general rule concerning job offers, it can be said that <span>"competitive" job offers tend to leave room to negotiate</span>. When a company decides they want to hire a person, they make a job offer that lays out what they are giving the person in return for their employment. They explain the benefits and their job duties. Because job offers are competitive they leave room for the person being hired to negotiate terms before they both agree on them. 
7 0
3 years ago
2. Assume the cost object is the Manufacturing Department and that its total output is 15,500 units. a. How much total manufactu
tigry1 [53]

Answer:

There are three stages of assignment of costs to each product and these are as under:

  1. Allocation
  2. Apportionment
  3. Absorption / Activity Based costing

So this question relates to stage one. Suppose the following situation:

There are 2 departments and they have following expenses

Department A has a supervisor whose annual salary is $30000

Department B has a worker whose annual salary is $22000

Department A & B have shared a rented property for there operations.

Department A and B also shares electricity bills and annual electricity charges stand almost $80,000

Now the directly attributable / traceable cost to Department A are those that are hundred percent related to Department A. In this example, we saw that supervisor salary is the only cost that is hundred percent related to Department A. Likewise Worker's salary is also relateable to Department B. Whereas the rental cost and electricity bills are not directly attributable to these departments. So this means the manufacturing costs that are directly traceable are those that hundred percent relates to the manufacturing departments.

5 0
3 years ago
Bleu Berri Farms had equity of $58,900 at the beginning of the year. During the year, the company earned net income of $8,200 an
Fittoniya [83]

Answer:

Owner's equity at year end would be $61,100

Explanation:

$58,900(Beginning equity) + $8,200 (Net income increases owner's equity) - $2,500 (This is paid out of retained earnings/owner's equity) - $3,500 ( A repurchase of stocks reduced owner's equity as cash would have been given to the shareholder for their equity) = $61,100

8 0
3 years ago
The Allowance for Bad Debts account has a credit balance of $ 3 comma 000$3,000 before the adjusting entry for bad debts expense
Triss [41]

Answer:

The bad debt expense which should be recorded in the income statement for the year 2019, amounts to $127,600

Explanation:

The bad debt expense which should be recorded in the income statement for the year 2019 is computed as:

= Net Credit Sales × Uncollectible credit sales for the year 2019

where

Net Credit Sales is $290,000

Uncollectible credit sales for the year 2019 is 44%

Putting the values in the above formula:

= $290,000 × 44%

= $127,600

8 0
3 years ago
What is a good indicator of determining if you are exercising at the most beneficial intensity level?
Flura [38]

Answer:

Target heart rate.

Explanation:

Target heart rate is a term that refers to the minimum amount of heartbeats per given amount of time that is needed in order to reach the level of exertion that is necessary for fitness.

It is different for different people because it is calculated by subtracting one's age from 220. For instance, to get the average number of maximum heartbeats per minute during an exercise, an individual of 30 years will subtract 30 from 220 to get a maximum heart rate of 190. This is therefore the maximum number of times that the person's heart should beat per minute.

Target heart rate is important because it helps people to get the most benefit from their exercise routine.

5 0
2 years ago
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