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serious [3.7K]
2 years ago
13

Cullumber Company reported the following information for 2020: Sales revenue $2410000 Cost of goods sold 1751000 Operating expen

ses 284000 Unrealized holding gain on available-for-sale securities 85600 Cash dividends received on the securities 10900 For 2020, Cullumber would report comprehensive income of
Business
1 answer:
Debora [2.8K]2 years ago
6 0

Answer:

$85,600

Explanation:

The computation of the comprehensive income is shown below:

It is not a part of the income statement. It is a gain or loss i.e. unrealized. It could be unrealized gain or loss on the bonds or investments, gain or loss while doing foreign currency transaction etc

Therefore in the given situation, the comprehensive income should be equivalent to the unrealized holding gain i.e $85,600

The same is to be considered

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1 year ago
Grocers in neighborhoods with a large Hispanic population typically carry more brands that Hispanic consumers prefer than grocer
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D. local marketing

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3 years ago
What is one major effect of specialization on an economy?
SashulF [63]

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C. Labor becomes more divided as workers focus on certain skills.

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Apex- Econ

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Consider an imaginary economy that has been growing at a rate of 6% per year. Government economists have proposed a number of po
Natasha2012 [34]

Answer:

11.67 years

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