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Alex787 [66]
3 years ago
15

Su Industries has international subsidiaries in Asia. These subsidiaries enter into transactions in both the US dollar and local

currencies. During the year, Su Industries reported a remeasurement loss of $55,000 and a translation gain of $36,000. As a result of these conversions, how much would Su Industries report in accumulated other comprehensive income (AOCI) at year end
Business
1 answer:
Savatey [412]3 years ago
5 0

Answer: Increase / Gain of $36,000

Explanation:

Remeasurement loss, which arises from conversions of the various currencies used by the company to a functional currency, goes to the Income statement and is subtracted from the Net income.

Translation gains on the other hand, are added to the Other Comprehensive income.

The other comprehensive income will therefore increase by the translation gain of $36,000.

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An industry is considered to be global to the extent that its industry position in one country is dependent upon the industry po
Minchanka [31]

Answer:

False.

Explanation:

False, Because a global company is the one that operates in different countries. It does not have to depend on the position of industry in other countries. If a company is operating in different countries then it is a global company. Moreover, in the case of a global company, the company sells its product in that country without changing its quality. For example, a global company selling soda in different countries. In this case, the company will not compensate for its product according to the culture of that country rather it will impose its business model.

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3 years ago
On January 1, 2021, the Highlands Company began construction on a new manufacturing facility for its own use. The building was c
sattari [20]

Answer:

Answer for the question :

On January 1, 2021, the Highlands Company began construction on a new manufacturing facility for its own use. The building was completed in 2022. The company borrowed $1,500,000 at 10% on January 1 to help finance the construction. In addition to the construction loan, Highlands had the following debt outstanding throughout 2021: $8,000,000, 15% bonds $2,000,000, 10% long-term note Construction expenditures incurred during 2021 were as follows: January 1 $ 660,000 March 31 1,260,000 June 30 872,000 September 30 660,000 December 31 460,000 Required: Calculate the amount of interest capitalized for 2021 using the specific interest method. (Do not round the intermediate calculations. Round your percentage answers to 1 decimal place (i.e. 0.123 should be entered as 12.3%).)"

is explained in the attachment.

Explanation:

Download pdf
8 0
3 years ago
If my friend asks me for 20 dollars i said tommorow you have to give me 25. IS THIS BIG BRAIN
kumpel [21]

Answer:

kinda

Explanation:

You'll obviously expect a little interest .

If i were you though i'll give the person up to 3 days to pay back before adding a little interest to it.

PLEASE add your loving THANKS

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3 years ago
First Link Services granted 4.8 million of its $1 par common shares to executives, subject to forfeiture if employment is termin
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3 years ago
The law firm of Smith & Jones has a staff of 30 lawyers and administrative staff. Budgeted total costs of the firm total $4,
Shalnov [3]

Answer:

c) 60% of direct labour cost

Explanation:

<em>I</em><u><em>ndirect costs are also known as overheads</em></u><em>. They are costs which are not incurred directly for the service been rendered. These costs can allocated to the cost of the core service using the direct labour cost basis as requested by the question.</em>

<em>To ascertain the  indirect costs rate, we use the formula below:</em>

Indirect cost rate = (Indirect cost/Direct labour cost)   × 100

From the question,

<em>Indirect cost = total cost less the direct labour cost</em>

Indirect cost = $4,000,000 - 2,500,000

                   = $1,500,000

Indirect cost rate = Indirect cost/Direct labour cost   × 100

              = 1,500,000/2,500,000  × 100

            = 60% of direct labour cost

6 0
3 years ago
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