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3 years ago

_____ refers to the impact of the change in currency exchange rate on the reported financial statements of a company

Business

1 answer:

vagabundo [1.1K]3 years ago

3 0

Answer:

NET INCOME

Explanation:

as you re measure each transaction, the difference, gain or loss, flows through income statement as a foreign currency transaction adjustment.

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A price weighted index is composed of 3 stocks. Stocks A, B, and C are trading for $100, $56 and $32 respectively. The number of

gogolik [260]

Answer:

The total value will not change.

Explanation:

Stock split occurs when a stock is divided into parts. The value of each stock will decline but there will be more stocks and overall value will remains same. If stock A goes through a stock split then the new price per stock will decline but the overall value to the investor will remain same.

7 0

3 years ago

Organizations have three levels of management: first-line, middle, and top. Each of the managers at these levels has different l

Karolina [17]

Management is of three levels. managerial, middle and top level management.

Explanation:

levels of management can be defined as a part of an organization that maintains responsibility for the overall productivity and the work performance of employees.

Managerial or top level management consists of board of directors. It also consists of the board of directors. Executive or middle level management consist of line or department managers and in this level mostly the managers report top the top level management. next lowest level is the operative or supervisory level management.

Thus mostly consists of supervisors, first line managers. It comes under the organisational hierarchy of a company. top management is responsible and controls the entire organisation.

8 0

3 years ago

Martin Corp. permits any of its employees to buy shares directly from the company through payroll deduction. There are no broker

Rashid [163]

Answer: $57,000,000

Explanation:

The employees purchased at a 20% discount which means that this 20% discount is the amount that would have to be covered by the company's pretax earnings:

= 19,000,000 * 15 * 0.2

= $57,000,000

Martin's pretax earnings will be reduced by $57 million because the company would have to cover the discount on the shares.

8 0

3 years ago

Planet Corporation acquired 90 percent of Saturn Company’s voting shares of stock in 20X1. During 20X4, Planet purchased 52,000

Zepler [3.9K]

Answer:

Purchase of Inventory by Planet (Parent)

Inventory $1,456,000 (debit)

Cash $1,456,000 (credit)

Sale of Inventory by Planet (Parent) to Subsidiary (Saturn)

Revenue $1,258,000 (debit)

Cost of Sales $1,258,000 (credit)

Sale to third Parties by Saturn

Cash $1,813,000 (debit)

Cost of Sales $1,036,000

Sales Revenue $1,813,000 (credit)

Inventory $1,036,000

Explanation:

Purchase of Inventory by Planet (Parent)

Inventory $1,456,000 (debit)

Cash $1,456,000 (credit)

Inventory : 52,000 × $28 = $1,456,000

Sale of Inventory by Planet (Parent)

Note : This is an Intragroup transaction and need to be eliminated

Revenue $1,258,000 (debit)

Cost of Sales $1,258,000 (credit)

Revenue : 37,000 × $34 = $1,258,000

Sale to third Parties by Saturn

Cash $1,813,000 (debit)

Cost of Sales $1,036,000

Sales Revenue $1,813,000 (credit)

Inventory $1,036,000

Sales Revenue = 37,000 × $49 = $1,813,000

Cost of Sales = 37,000 × $28 = $1,036,000

7 0

3 years ago

Portions of the financial statements for Parnell Company are provided below. PARNELL COMPANY Income Statement For the Year Ended

Pepsi [2]

Answer:

Prepare the cash flows from operating activities section as follows :

Cash Flows from Operating Activities

Income before tax 172,000

Adjustments of Non- Cash Items :

Gain on sale of building ( 12,000)

Depreciation 127,000

Loss on sale of equipment 11,000

Adjustments of Changes in Working Capital :

Increase in Accounts Receivables (120,000)

Decrease in Inventory 116,000

Decrease in Prepaid insurance 34,000

Increase in Accounts payable 105,000

Increase in Salaries Payable 21,000

Increase in Deferred tax liability 12,000

Decrease in Bond discount (22,000)

Net Cash flow from Operating Activities 444,000

Explanation:

Indirect Method Adjust the Net Income before tax with movements in working capital items and non-cash items included in income statements.

3 0

3 years ago