Answer: Changes in equity for a period from all sources except those by non-owner sources.
Explanation: In simple words, comprehensive income refers to those transactions that were not realized before so they later get recorded in the income statement.
These transactions usually results in increase in shareholders equity. Usually such transactions involve unrealized gain or loss from available for sale securities or foreign currency transactions.
Answer:
break-even level of output for this project (ignoring taxes)? (2 decimal places)
d1) What is the accounting break-even level of output for this project? (2 decimal places)
d2) What
Answer:
$65,000
Explanation:
Corporate liquidations of property generally are treated as a sale or exchange. Gain or loss generally is recognized by the corporation on a liquidating sale of its assets. Gain or loss generally is recognized also on a liquidating distribution of assets as if the corporation sold the assets to the distributee at fair market value.
In certain cases in which the distributee is a corporation in control of the distributing corporation, the distribution may not be taxable. For more information, see IRC Section 332 and the related regulations.
As a result, Alvo has a basis in the received property of $65,000 because the land was not sold and Alvo did not receive $200,000. Alvo no longer owns stock in Borasco, but has the land.
Answer:
because they have to make sure it is safe for the people to eat (for food)
so that the product's name won't be damaged and is safe to use (for products)
Explanation:
