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kakasveta [241]
3 years ago
15

The following information is available for Blue Spruce Corp. for 2021:

Business
1 answer:
Andru [333]3 years ago
6 0

Answer:

  • Other Comprehensive income = $37,500
  • Comprehensive income = $154,500

Explanation:

Other comprehensive income:

= Realized gain on sale of available-for-sale debt securities  + Unrealized holding gain arising during the period on available-for-sale debt securities - Reclassification adjustment for gains included in net income

= 11,000 + 34,000 - 7,500

= $37,500

Comprehensive income = Net income + Other comprehensive income

= 117,000 + 37,500

= $154,500

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Answer: The following statements is true: <u><em>The amount of unamortized discount decreases from its balance at issuance date to a zero balance at maturity.</em></u>

Unamortized discount amount is decreased from balance at provision to a nil balance at due date. This is so , as it will be liquidated over entire bond’s life and thus will reach $ 0 maturity.

<u><em>Therefore, the correct option is (c).</em></u>

6 0
3 years ago
If an agreement does not contain an arbitration clause, the parties may, nevertheless, agree to arbitration by entering into a _
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Entering into an Alternative Dispute Resolution (ADR) agreement.

Alternative Dispute Resolution is very much akin to arbitration in which the parties that are agreeing to surrender their rights to access the judicial system in a civil court that enables a party to bring a lawsuit against another party that is in said agreement.
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3 years ago
Webster Corporation's monthly projected general and administrative expenses include $5,000 administrative salaries, $2,400 of ot
algol [13]

Answer:

The total general and administrative expenses to be reported on the general and administrative expense budget per month is $8,800

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= $5,000 + $2,400 + $1,350 + $50

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5 0
4 years ago
The acts of receiving shipments, breaking down shipments, repackaging shipments, and distributing components to a manufacturing
ehidna [41]

Answer: Cross docking

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3 years ago
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Let me know how this works out.
6 0
3 years ago
Read 2 more answers
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