Answer: For 2014, Korte would report comprehensive income of $341,000.
Explanation:
Korte Company
Comprehensive income statement for 2014 (extract)
Sales revenue $1,500,000
Cost of goods sold (1,050,000)
Gross profit 450,000
Operating expenses (165,000)
<em>Other income:</em>
Unrealised gain on AFS securities 50,000
Dividends received 6,000
Comprehensive income $341,000
Answer:
c. $1,300 gain
Explanation:
In this scenario, Susan recognized a $1,300 gain on this sale. This is because Susan originally purchased the stock for a total price of $6,000. When she sold the stock, she sold it for a higher price than what she originally paid for it therefore recognizing a gain. To calculate this gain we simply subtract her initial purchase price from her selling price of the stock which would give us a $1,300 gain.
$7,300 - $6,000 = $1,300
Answer:
test marketing stage
Explanation:
Test marketing stage -
It is the method , where the population is made to decide about the sample of any product before the complete launch of the product , is known as test marketing stage .
This method helps to get the proper opinion of the product , whether it can survive in the market or not , before the launch of the complete range of product .
hence , from the question , the correct term for the given information of the question is test marketing stage .
Answer:
$10,000
Explanation:
Given that
Cost of equipment = 110,000
Salvage value = 10,000
Useful life = 5 years
Using straight line method
Depreciation = cost of equipment - salvage value ÷ useful years
= 110000 - 10000 ÷ 5
= 100000 ÷ 5
= $20000
Thus
By December 31
Entry of depreciation = 6/12 × 20000
= $10,000
Answer:
This lesson discusses how factors such as natural resources, power and energy, capital accumulation, technology, the labor force, transportation, communications.
