Answer:
Ayayai Corp.
Statement of Comprehensive Income
For the Year Ended xxx, 202x
Net income $187,500
Other comprehensive income:
<u>Unrealized gain on AFS securities $85,000</u>
Comprehensive income $272,500
Explanation:
In order to prepare a statement of comprehensive income we first need to determine net income after taxes = $250,000 x (1 - 25%) = $187,500
Unrealized gains or losses are not taxed until they are actually realized (either make profit or lose money).
The accept control strategy is the choice to do nothing to protect a vulnerability and to accept the outcome of its exploitation.
<h3>What is accept control strategy?</h3>
Accepting risk, also known as risk retention, is a deliberate strategy that involves accepting the potential of minor or occasional dangers without taking any action to mitigate, cover, or prevent those risks.
The accept control technique entails the decision to forego taking any action to prevent the exploitation of a vulnerability.
Control strategies are detailed preparations for what to do if special causes are detected in your process. This strategy outlines the out-of-control circumstance, potential reasons, how to investigate each cause, and the findings of your investigation. All control charts in use should have a control strategy.
Eliminating the risk and its accompanying hazard is the best control strategy. The greatest method to get rid of a risk is to avoid putting it there in the first place.
To learn more about accept control strategy refer to:
brainly.com/question/15090029
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Answer:
merchandise inventory
March 2: -562,200
<u>March 6: 61,000</u>
-501,200
accounts receivable
March 2: 878,600
March 6: -118,800
<u>March 12: -759,800</u>
0
sales revenue
March 2: 878,600
<u>March 6: -118,800</u>
759,800
<u />
COGS
March 2: 562,200
<u>March 6: 61,000</u>
501,200
<u />
cash
<u>March 12: 759,800</u>
759,800
Answer:
<u>Platform products</u>
Explanation:
Platform product refer to those products whose design is used as a basis or serve as a platform in designing subsequent similar products. For example, all electronics work on some similar principles.
For instance, a refrigerator or an air conditioner, both utilize a compressor for cooling.
Consumer electronics are characterized under platform products since electronics include whole family of products which use electricity for working. A music system or a television, both run on electricity and share some common operating principles.
Answer:
Sound Audio
Yes. This loss should be accrued.
Explanation:
Accruing the loss contingency gives the readers of the financial statements an early warning of the probable existence of a future loss. A loss contingency arises from a probable future event, which gives rise to an adverse outcome from a lawsuit. Since the cost of the loss can be reasonably estimated and the product recall is virtually certain, it is prudent for Sound Audio to provide for this loss in its December 2021 financial statements.
