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kiruha [24]
4 years ago
5

Gains from remeasuring a foreign subsidiary’s financial statements from the local currency, which is not the functional currency

, into the parent company’s currency should be reported as a(n):_______
a. Deferred foreign exchange gain.
b. Other comprehensive income" and as a separate component of stockholders’ equity.
c. Extraordinary item, net of income taxes.
d. Part of continuing operations.
Business
1 answer:
Archy [21]4 years ago
4 0

Answer:

Gains from remeasuring a foreign subsidiary’s financial statements from the local currency, which is not the functional currency, into the parent company’s currency should be reported as a(n):_______

d. Part of continuing operations.

Explanation:

Gains from the remeasurement of a subsidiary's financial statements from the local currency to the parent company's currency should be reported as part of the continuing operations.  It forms part of the current income.  They are not deferred.  It is translation adjustments that are reported as other comprehensive income, not gains from remeasurement. Remeasurement gains from a subsidiary's local currency to the parent's are also not extraordinary items.

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Answer:

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Explanation:

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5 0
3 years ago
Companies generate income from their "regular" operations and from things like interest on securities they hold, which is called
Gekata [30.6K]

Answer:

$1,500

Explanation:

Given that,

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Operating income or EBIT:

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= $9,000 - $6,000 - $1,500

= $1,500

Here, the interest rate and taxes were ignored as we want to determine the operating income or earnings before interest and taxes. Interest on bonds is a non operating income.

4 0
4 years ago
Which of the following statements concerning income tax rate structures is false?
soldi70 [24.7K]

Answer:

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Explanation:

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2. A proportional tax levied the similar tax rate for all types of individuals irrespective of the income

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So based on the given options, the option A is false and hence the same is to be considered

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seraphim [82]
Whenever you send a print resume, it is always good to have a cover letter. It explains a lot about yourself and lets the interviewer and company know what to expect from and of you. 
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