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3 years ago

Select the correct presentation for other comprehensive income on the financial statements of Puma Company.

Business

1 answer:

Nesterboy [21]3 years ago

6 0

Answer:

A. Both of these choices are correct.

Explanation:

Both of these choices are correct as they are rightly presented.

Puma Company

Statement of Comprehensive Income

For the Year Ended December 31, 20Y3

Net income $140,000

Other comprehensive income $20,000

Comprehensive income $160,000

Puma Company

Income Statement

For the Year Ended December 31, 20Y3

Sales $625,000

Cost of goods sold $350,000

Gross profit $275,000

Operating expenses $135,000

Net income $140,000

Other comp. income $20,000

Comprehensive income $160,000

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Figure your taxable income, subtract the sum of lines 8 and 9 from line 7, and then enter that number here

Anna71 [15]

Answer:

22532

Explanation:

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3 years ago

Historically, coins and paper money complicated the exchange process. a. True b. False

Salsk061 [2.6K]

False. They made it easier.

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3 years ago

The University of Puhonicks hires several professors that specialize in accounting, management, and economics and clusters each

ANTONII [103]

Answer:

b) Function

Explanation:

The Dean placed professors in departments based on the subjects they teach or based on their functions in the school. So all professors that function as economics professors are placed in the same department. This is an example of grouping employees by functions.

In geographic grouping, professors would be grouped based on the different regions they teach.

In product grouping, employees are placed in groups based on the product they produce.

I hope my answer helps you

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3 years ago

A company’s retained earnings increased $375,000 last year and its assets increased $973,000. The company declared a $79,000 cas

Alex Ar [27]

Answer:

C. $454,000.

Explanation:

We know that

The ending balance of retained earnings = Opening balance of retained earnings + net income - dividend paid

$375,000 = $0 + net income - $79,000

So, the net income would be

= $375,000 + $79,000

= $454,000

The ending balance of retained earnings - Opening balance of retained earnings is also known as increase in retained earning

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4 years ago

I'maGoldMiner has benefited from a record rise in gold prices in the global commodities market. While the price of its output is

neonofarm [45]

Answer:

a) must accept market price for its physical capital inputs.

Explanation:

The price of gold in the commodity market is being influenced by market speculation. Market speculation implies investors are trying to profit from the changing prices of gold. When the market is active, the price of gold will be moving up and down depending on demand.

The current prices are high is a motivation to sell. For I'maGoldMiner to profit from the current high prices, it must continue with production. In the event the prices of physical capital inputs change, the company must accept the new prices. The high selling prices will assist the company in absorbing any changes input costs. That way, the company will maximize on the current high prices.

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3 years ago