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slava [35]
3 years ago
8

Now- a quick question. Assume at the beginning of Year2, Becker Company has a credit (positive) balance in the AOCI account of $

10800. Becker Company reports $653000 of net income for Year2. Becker has an unrealized gain of $12000 during Year2. The gain qualifies as OCI (Other comprehensive income). 1. What will Becker report as Accumulated Other Comprehensive Income on the Year2 balance sheet
Business
1 answer:
castortr0y [4]3 years ago
7 0

Answer:

Becker Company

The amount that Becker will report as Accumulated Other Comprehensive Income on the Year 2 balance sheet is:

= $22,800.

Explanation:

a) Data and Calculations:

Year 2 Beginning balance:

Accumulated other comprehensive income (AOCI) = $10,800 credit

Year 2 reported net income = $653,000

Unrealized gain during Year 2 = $12,000

The Accumulated Other Comprehensive Income on the Year 2 balance sheet is:

Beginning balance $10,800

Unrealized gain        12,000

AOCI for Year 2 = $22,800

b) Becker's Accumulated Other Comprehensive Income includes unrealized gains and losses arising from some investments, pension plans, and hedging transactions.  These are usually reported in the equity section of the balance sheet and then netted off from the retained earnings.

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All of the following are characteristics of Weberian bureaucracy except:
azamat

Answer:

b. management is the same as the ownership of the organization.

Explanation:

Weberian bureaucracy is the term used for the bureaucracy concept introduced by Max Weber, the famous sociologist and economists. He clearly stated that for any kind of administration the basic need is to maintain some standard characteristics:

Which included hierarchy as basics, therefore, it clearly distinguished the management and ownership and both are on different hierarchy.

Therefore, the correct option is:

b. management is the same as the ownership of the organization.

6 0
3 years ago
Ballard Company reported assets of $500 and liabilities of $200. What amount will Ballard's report for stockholders' equity?
Westkost [7]

Answer:

$300

Explanation:

Data provided in the question

Assets reported = $500

Liabilities = $200

So, Stockholder equity is

= Total assets - total liabilities

= $500 - $200

= $300

By applying the accounting equation, that equal to

Total assets = Total liabilities + owners equity

We can find out the stockholder equity by deducting the total liabilities from the total assets

7 0
3 years ago
The Coase theory suggests that private markets may not be able to solve the problem of externalities
olga nikolaevna [1]

Answer: A. When the number of interested parties is large and bargaining costs are high.

Explanation:

The Coase Theorem is a legal and economical theory used to describe competitive markets. When the competitive markets are high, bargaining costs are high because each company is is fighting for use of the production and distribution channels. There are efficient input and output levels in a competitive market.

3 0
3 years ago
"convert to a mixed numeral: 18/5," states one problem on a fifth-grader's arithmetic text. this is a(n) _____ problem. it is be
horsena [70]

For the first blank, the answer would be is a well-defined problem. A well-defined problems have exact goals, noticeably defined solution tracks, and clear predictable solutions.


While for the second blank, the answer would be the application of algorithms. In mathematics, it is a clear-cut description of how to crack a group of problems. Algorithms can do calculation, data processing and automatic reasoning jobs.

5 0
3 years ago
A flying squid (family Ommastrephidae) is able to "jump" off the surface of the sea by taking water into its body cavity and the
Zielflug [23.3K]

Answer: V=7.43m/s

d =2.82m

Explanation:

a) For the first part, the initial velocity immediately after ejection, by using momentum conservation

before ejection, the momentum of the squid/water system is zero

there are no external forces acting on the system at the moment of ejection, so we can find the speed of the squid by noting

momentum before ejection = momentum after ejection

0 = M1U + M2V

0=-0.26 kg x 20 m/s + 0.7kg x V

where the speed of the water is taken as the negative sign, and V is the speed of the squid right after ejection, solving for V we get

V=7.43m/s

B. we use the equation vf^²=v0^²+2ad

where vf=final velocity = 0 since velocity is zero at motion's apex

v0=initial velocity = 7.43m/s

a = acceleration = -9.8m/s/s

d=height (to be found)

Therefore,

0=7.43^²+2(-9.8)d

Mathematically, it becomes

d=7.43^²/2(9.8)= 2.82m

d = 2.82m

4 0
3 years ago
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