1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
hram777 [196]
3 years ago
10

The following information relates to Ivanhoe Co. for the year ended December 31, 2020: net income $1,180 million; unrealized hol

ding loss of $9.9 million related to available-for-sale debt securities during the year; accumulated other comprehensive income of $55.2 million on December 31, 2019. Assuming no other changes in accumulated other comprehensive income.
Determine
(a) other comprehensive income for 2020,
(b) comprehensive income for 2020, and (c) accumulated other comprehensive income at December 31, 2020.
Business
1 answer:
QveST [7]3 years ago
5 0

Answer:

a. Other Comprehensive income for 2020 = Unrealized holding loss = -$9.9 million

b. Comprehensive income for 2020 = Net income - Unrealized holding loss = $1,180 million -$9.9 million = $1,170.1 million

c. Accumulated other comprehensive income at December 31, 2020 = Accumulated other comprehensive income - Other Comprehensive income for 2020 = $55.2 million -$9.9 million = $45.3 million

You might be interested in
There is nothing that can be done when advertisers record and transmit their advertisement at higher volume than the
Naddik [55]

Answer:

This is false. The TV network is able to limit how often commercials and advertisements are played on their network channel.

7 0
2 years ago
Help me please.. there is no option on here for Human Resources principals, so I jus clicked business as the subject..
Aneli [31]

Answer:

The letter A is the right one.

Explanation:

By promoting deserving employees, Jeffrey will create an environment where employees who act correctly, integrate and present high levels of professionals receive good promotions and will raise their status in the company. This shows that acting in a moral, responsible and ethical manner is rewarding and that is why everyone should follow this level of work that encourages morality and good work.

4 0
3 years ago
What financial behaviors will typically lead to a low credit score?
AfilCa [17]
A.
Low credit scores usually indicate irresponsible spending behaviors.
5 0
4 years ago
Read 2 more answers
g Brandon and Jane Forte file a joint tax return and decide to itemize their deductions. The Fortes' income for the year consist
murzikaleks [220]

Answer:

$1,500

Explanation:

Investment interest expenses = Interest Income + Non qualifying dividends

Investment interest expenses = $500 + $1,000

Investment interest expenses = $1,500  

$1,500 < $2,500 (Investment interest expenses)

The long term capital gains are not considered in investment income because this income is taxed at a preferential rate.  Hence, the Investment interest expenses deduction for the year is $1,500.

8 0
3 years ago
Several market participants interact in developed markets to organize the exchange of funds from buyers to sellers. Such institu
Sergio [31]

Answer:

1. Commercial banks

2. Life insurance companies

3.  Mutual funds

Explanation:

commercial banks

The commercial bank is a financial institution that accepts deposits and offer other services such as giving loans and other basic financial services to both individuals and organisations.  

Life insurance companies

The life insurance companies are financial institutions that provide lump sums otherwise known as death benefits to beneficiaries  of their policy holders upon their demise, provided that premium is paid on regular basis.

Mutual fund

A Mutual Fund is an investment vehicle made up of a pool of funds collected from numerous investors for the purpose of investing in securities such as stocks, bonds, money market instruments and similar assets. Mutual Funds are operated by professional fund managers, who invest the fund's capital and attempt to produce capital gains and income for the investors.  

One of the main advantages of Mutual Funds is they give small investors access to professionally managed, diversified portfolios of equities, bonds and other securities. Each shareholder, therefore, participates proportionally in the gain or loss of the fund.​

4 0
3 years ago
Other questions:
  • Rodi owns Hallman's auto repair service. He has observed over the years that customers keep their high-mileage cars longer when
    10·2 answers
  • A firm sells a product in a purely competitive market. The marginal cost of the product at the current output of 200 units is $4
    5·1 answer
  • Layla Company began making mascara in November 2018 using a single-step process. Layla incurred $42,000 for materials and $48,64
    15·1 answer
  • Shelly is looking at the life insurance policies listed in the table below. Which insurance company provides the most coverage p
    7·1 answer
  • According to economists, natural resources, labor, capital, and entrepreneurship are called
    14·1 answer
  • Nordstrom stores typically have 50 percent more salespeople on the floor than others retailers with stores of similar sizes. its
    12·1 answer
  • What are some of the primary reasons a company decides to expand internationally? Identify a company in the news that has recent
    8·1 answer
  • 570,000. The firm will raise the $570,000 in capital by issuing $230,000 of debt at a before-tax cost of 11.1%, $20,000 of prefe
    6·1 answer
  • Which of the following generational groups is most likely to represent the present owners of cottages surrounding Witmer Lake?A)
    11·1 answer
  • Why is it important to maintain a career portfolio?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!