Answer:
B.) Net income = $10; Comprehensive income = $30.
Explanation:
The computation and effect of these two events increase net income and comprehensive income is shown below:
Since there is a gain on sale of investment so it increased the net income
So the net income would be increased by $10
And, there is an Unrealized gain on investment from an increase in fair value of $20
So, the comprehensive income increased by
= $10 + $20
= $30
Hence, the correct option is B
Answer:
3. The transaction Analyze the transaction, enter transaction in a journal, transfer journal information to ledger accounts.
Explanation:
According to accounting recording process for transactions the sequence is as follows:
1. Prepare Transaction
2. Analyze the the transaction
3. Enter the transaction in the journal
4.Transfer it to ledger accounts
5. Prepare trial balance
6. Prepare financial statements
So the option 3 is correct.
Answer:
1) cash on hand (bank) - operating acitivites 2) cash on hand (bank) - finance activities
Explanation:
Dividends received increases the amount of cash flow available. Thus on the statement of cash flows it's recorded as an inflow of cashflow under operating acitivities.
Dividends paid are viewed as financing activity and since it's an outflow of cash (money leaving the entity) it is recorded as decrease in finance activities.
Answer: 4. Train employees to properly handle the information.
Explanation:
Human Error remains a very viable cause for concern in the protection of confidentiality of intellectual property. After all the non-human related measures have been taken such as using Data Loss Prevention softwares and requiring Authentication from any users accessing the information, there could still be human error from the users who have access to the information such as leaving documents lying around at home or leaving computer screens with confidential information on whilst eating at a cafe.
Indeed, misuse of Confidential information was a very big deal in the US presidential election of 2015.
This is why it is very important that Employees are trained on ways to handle confidential information so that they may be on guard and knowledgeable of ways to preserve the integrity of the confidential information that they hold.
