List at least 5 types of items that belong in Comprehensive Income and Other Comprehensive Income.
- List at least 5 types of items that belong in Comprehensive Income and Other Comprehensive Income.
Homework Answers
5 items that belong in Other Comprehensive income are as follows:
1) Gains and losses from derivative instruments
2) Debt security unrealized gains and losses
3) Pension or other retirement plan gains and losses
4) Foreign currency transaction adjustments
5) Available-for-sale securities unrealized gains and losses
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List at least 5 types of items that belong in Comprehensive
Income and Other Comprehensive Income.
What is the difference between Comprehensive Income and Other Comprehensive Income? (include where in the financial...
What is the difference between Comprehensive Income and Other Comprehensive Income? (include where in the financial statements they are found). Describe the difference between Comprehensive Income and Net Income? What ASC (s) contain significant guidance for Comprehensive Income and Other Comprehensive Income? List at least 5 types of items that belong in Comprehensive Income and Other Comprehensive Income. OCI is presented net of tax—show me an example of how the taxes impact the amount shown and state why “net of...
Revenue and expense items and components of other comprehensive income can be reported in the statement...
Revenue and expense items and components of other comprehensive income can be reported in the statement of shareholders' equity using: U.S. GAAP. IFRS. Both U.S. GAAP and IFRS. Neither U.S. GAAP nor IFRS.
Below is an random list of items that belong on either an agribusinesses balance sheet or income ...
Below is an random list of items that belong on either an agribusinesses balance sheet or income statement. Using this information, construct a balance sheet dated December 31, 2018 and an income statement from January 1, 2018 to December 31, 2018. Itemsthat have no value beside them indicate that you are to calculate the value based on the other numbers you have. NOTE: You need to create both a balance sheet and income statement from everything below that is formatted...
Below is a random list of items that belong on either an agribusinesses balance sheet or...
Below is a random list of items that belong on either an agribusinesses balance sheet or income statement. Using this information, construct a balance sheet dated December 31, 2018 and an income statement from January 1, 2018 to December 31, 2018. NOTE: You need to create both a balance sheet and income statement from everything below that is formatted so that a manager can easily read the information. Every item will only be used once. I would first figure out...
$4000 “others” is an expense below is a random list of items that belong on either...
$4000 “others” is an
expense
below is a random list of items that belong on either an agribusinesses balance sheet on" usinesses balance sheet or income statement. Using this information, construct a balance sheet dated December statement from January 1, 2018 to December 31, 2018. NOTE: You need to create bo ct a balance sheet dated December 31, 2018 and an income and income statement from everything below that is formatted so that a manager cember 31, 2018. NOTE: You...
Below is a random list of items that belong on either an agribusinesses balance sheet or...
Below is a random list of items that belong on either an agribusinesses balance sheet or income statement. Using this information, construct a balance sheet dated December 31, 2018 and an income statement from January 1, 2018 to December 31, 2018. NOTE: You need to create both a balance sheet and income statement from everything below that is formatted so that a manager can easily read the information. Every item will only be used once. I would first figure out...
Organize the list below into items that belong to managerial accounting, financial accounting, and those that...
Organize the list below into items that belong to managerial accounting, financial accounting, and those that are shared by both types of accounting Managerial Only Shared Financial Only :: Shows relevant and timely information : Assists internally with operations :: Available to organization outsiders :: Help managers make better decisions :: Shows financial performance to company's stakeholders :: Follows GAAP standards in U.S. :: Reports are tailored to specific needs
answer 5. Explain the difference between comprehensive income and other comprehensive income. (1/2 pt) 6. What...
answer
5. Explain the difference between comprehensive income and other comprehensive income. (1/2 pt) 6. What is the relationship between accumulated other comprehensive income (AOCT) and other comprehensive income? Hint: calculate the difference between beginning and ending AOCI. (1/2 pt) 7. In what way is AOCI similar retained earnings, besides the fact that they are both equity accounts? (1/2 pt)
1. What is the relation between Accumulated Other comprehensive Income ( AOCI) and Other comprehensive Income...
1. What is the relation between Accumulated Other comprehensive Income ( AOCI) and Other comprehensive Income ( OCI) .. 2. . In what way is AOCI similar retained earnings, besides the fact that they are both equity accounts? 3. What are the two formats that companies can use to present their Statement of Comprehensive Income?
What ASC (s) contain significant guidance for Comprehensive Income and Other Comprehensive Income?
What ASC (s) contain significant guidance for Comprehensive Income and Other Comprehensive Income?
Below is an random list of items that belong on either an agribusinesses balance sheet or income statement. Using this information, construct a balance sheet dated December 31, 2018 and an income statement from January 1, 2018 to December 31, 2018. Itemsthat have no value beside them indicate that you are to calculate the value based on the other numbers you have. NOTE: You need to create both a balance sheet and income statement from everything below that is formatted...
Below is a random list of items that belong on either an agribusinesses balance sheet or income statement. Using this information, construct a balance sheet dated December 31, 2018 and an income statement from January 1, 2018 to December 31, 2018. NOTE: You need to create both a balance sheet and income statement from everything below that is formatted so that a manager can easily read the information. Every item will only be used once. I would first figure out...
$4000 “others” is an
expense
below is a random list of items that belong on either an agribusinesses balance sheet on" usinesses balance sheet or income statement. Using this information, construct a balance sheet dated December statement from January 1, 2018 to December 31, 2018. NOTE: You need to create bo ct a balance sheet dated December 31, 2018 and an income and income statement from everything below that is formatted so that a manager cember 31, 2018. NOTE: You...
Below is a random list of items that belong on either an agribusinesses balance sheet or income statement. Using this information, construct a balance sheet dated December 31, 2018 and an income statement from January 1, 2018 to December 31, 2018. NOTE: You need to create both a balance sheet and income statement from everything below that is formatted so that a manager can easily read the information. Every item will only be used once. I would first figure out...
Organize the list below into items that belong to managerial accounting, financial accounting, and those that are shared by both types of accounting Managerial Only Shared Financial Only :: Shows relevant and timely information : Assists internally with operations :: Available to organization outsiders :: Help managers make better decisions :: Shows financial performance to company's stakeholders :: Follows GAAP standards in U.S. :: Reports are tailored to specific needs
answer
5. Explain the difference between comprehensive income and other comprehensive income. (1/2 pt) 6. What is the relationship between accumulated other comprehensive income (AOCT) and other comprehensive income? Hint: calculate the difference between beginning and ending AOCI. (1/2 pt) 7. In what way is AOCI similar retained earnings, besides the fact that they are both equity accounts? (1/2 pt)
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