Answer:
$1,240,000
Explanation:
Given that,
Net income = $1,000,000
Pretax foreign currency translation adjustment = $400,000
Unrealized pretax loss on debt securities = $80,000
Effective tax rate = 25%
Total other comprehensive income:
= Foreign currency translation adjustment - Loss on debt securities
= [$400,000 × (1 - 25%)] - [$80,000 × (1 - 25%)]
= ($400,000 × 0.75) - ($80,000 × 0.75)
= $300,000 - $60,000
= $240,000
Comprehensive income:
= Net income + Total other comprehensive income
= $1,000,000 + $240,000
= $1,240,000
Basically, the Sarbanes Oxley Act was not a single Act, but a series of Acts that were designed to expand starting requirements for companies such as firms and overall businesses. Section 404 is one of the Acts that are specifically set on the company's control on their financial reports made. As a result, internal management or more commonly known as the Internal Affairs program of a company must provide a detailed and clear-written (straight-to-the-point) report on the company's structure (how they do things) and creating, or establishing, a set of procedures on how they plan to report their financial status.
<span>The Journal entry upon the 90 days (1/4 using 360 days a year) maturity at 5% rate should be $50,000 plus the Interest (I).
Let Journal Entry upon Maturity be J
Where J = Initial Signed Note + Initial Signed Note * Rate * Time
Which is also written as J = Initial signed Note (1 + Rate * Time)
Therefore J = 50,000 (1+5/100*1/4) = 50,625</span>
The publishers in the early days of book publishing are
considered to be no other than just a printer for they are able to publish
books and have them written on a reading material which is why they are
functioned to be as printers.
