Accumulated other comprehensive income in stockholders' equity shows the difference between historical cost and market for...
Accumulated other comprehensive income in stockholders' equity shows the difference between historical cost and market for which account(s)?
Select one:
A. Trading securities and available-for-sale securities
B. Available-for-sale securities
C. Trading securities and held-to-maturity securities
D. Trading securities E. Held-to-maturity securities
Homework Answers
We do not record difference between historical cost and market of held to maturity securities..
And difference between historical cost and market of trading securities recorded under profit and loss account
But Difference between historical cost and market of available for sale securities recorded under comprehensive income
So answer is b) Available for sale securities
Add Answer to:
Accumulated other comprehensive income in stockholders' equity
shows the difference between historical cost and market for...
Which of the following is included in other comprehensive income? 1) Unrealized holding gains and losses...
Which of the following is included in other comprehensive income? 1) Unrealized holding gains and losses on equity securities carried at fair value 2) Unrealized holding gains and losses that result from a debt security being transferred into the trading category from the held-to-maturity category 3)Foreign currency translation adjustments 4) The difference between the accumulated benefit obligation and the fair value of pension plan assets
Which of the following is the correct computation of comprehensive income? a.Total Stockholders' Equity ± Accumulated...
Which of the following is the correct computation of comprehensive income? a.Total Stockholders' Equity ± Accumulated Other Comprehensive Income = Comprehensive Income b.Retained Earnings ± Other Comprehensive Income = Comprehensive Income c.Net Income ± Other Comprehensive Income = Comprehensive Income d.None of these choices are correct.
6. What is the relationship between accumulated other comprehensive income (AOCT) and other comprehensive income? Hint:...
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) 367 MacBook Air
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 do you mean 1:11 PM Sun Feb 9 20% C16 #2 Exercise 16-12a-b (Video) Cullumber...
what do you mean
1:11 PM Sun Feb 9 20% C16 #2 Exercise 16-12a-b (Video) Cullumber Company has the following data at December 31, 2020. Securities Fair Value Trading Available for sale Cost $119,400 102,100 $126,900 90,500 The available-for-sale securities are held as a long-term investment Prepare the adjusting entries to report: (1) Trading securities at fair value and (2) Available-for-sale securities at fair value. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If...
Which of the following is true about the Accumulated Other Comprehensive Income account? It is a...
Which of the following is true about the Accumulated Other Comprehensive Income account? It is a liability account. It is an equity account. It is an asset account. It is a contra-asset account.
Accounts Available: Accumulated Other Comprehensive Income Allowance for Investment Impairment Bond Investment at Amortized Cost Cash...
Accounts Available:
Accumulated Other Comprehensive Income
Allowance for Investment Impairment
Bond Investment at Amortized Cost
Cash
Dividend Receivable
Dividend Revenue
FV-NI Investments
FV-OCI Investments
Gain on Sale of Investments
GST Receivable
Interest Expense
Interest Income
Interest Payable
Interest Receivable
Investment in Associate
Investment Income or Loss
Loss on Discontinued Operations
Loss on Impairment
Loss on Sale of Investments
No Entry
Note Investment at Amortized Cost
Other Investments
Recovery of Loss from Impairment
Retained Earnings
Unrealized Gain or Loss - OCI...
P17.9 (LO 2,4) (Gain on Sale of Investments and Comprehensive Income) On January 1, 2020. Acker...
P17.9 (LO 2,4) (Gain on Sale of Investments and Comprehensive Income) On January 1, 2020. Acker Inc. had the following balance sheet. Acker Inc. Balance Sheet As of January 1, 2020 Assets Equity Cash $ 50,000 Common stock Debt investments (available-for-sale) 240,000 Accumulated other comprehensive income Total $290,000 Total $260,000 30,000 $290,000 The accumulated othe umulated other comprehensive income related to unrealized holding gains on available-for-sale curities. The fair value of Acker Inc.'s available-for-sale debt securities at December 31, 2020,...
Exercise 16-12 a-b (Part Level Submission) (Video) Sandhill Company has the following data at December 31, 2020....
Exercise 16-12 a-b (Part Level Submission) (Video) Sandhill Company has the following data at December 31, 2020. Securities Cost Fair Value Trading $118,600 $123,200 Available-for-sale 103,800 90,600 The available-for-sale securities are held as a long-term investment. (a) (b) Indicate the statement presentation of each class of securities and the related unrealized gain (loss) ace Sandhill Company Balance Sheet (Partial) December 31, 2020 Current Assets 123200 Investments Sandhill Company Income Statement (Partial) December 31, 2020 Sandhill, Company Comprehensive Income Statement December...
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) 367 MacBook Air
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)
what do you mean
1:11 PM Sun Feb 9 20% C16 #2 Exercise 16-12a-b (Video) Cullumber Company has the following data at December 31, 2020. Securities Fair Value Trading Available for sale Cost $119,400 102,100 $126,900 90,500 The available-for-sale securities are held as a long-term investment Prepare the adjusting entries to report: (1) Trading securities at fair value and (2) Available-for-sale securities at fair value. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If...
Which of the following is true about the Accumulated Other Comprehensive Income account? It is a liability account. It is an equity account. It is an asset account. It is a contra-asset account.
Accounts Available:
Accumulated Other Comprehensive Income
Allowance for Investment Impairment
Bond Investment at Amortized Cost
Cash
Dividend Receivable
Dividend Revenue
FV-NI Investments
FV-OCI Investments
Gain on Sale of Investments
GST Receivable
Interest Expense
Interest Income
Interest Payable
Interest Receivable
Investment in Associate
Investment Income or Loss
Loss on Discontinued Operations
Loss on Impairment
Loss on Sale of Investments
No Entry
Note Investment at Amortized Cost
Other Investments
Recovery of Loss from Impairment
Retained Earnings
Unrealized Gain or Loss - OCI...
P17.9 (LO 2,4) (Gain on Sale of Investments and Comprehensive Income) On January 1, 2020. Acker Inc. had the following balance sheet. Acker Inc. Balance Sheet As of January 1, 2020 Assets Equity Cash $ 50,000 Common stock Debt investments (available-for-sale) 240,000 Accumulated other comprehensive income Total $290,000 Total $260,000 30,000 $290,000 The accumulated othe umulated other comprehensive income related to unrealized holding gains on available-for-sale curities. The fair value of Acker Inc.'s available-for-sale debt securities at December 31, 2020,...
Exercise 16-12 a-b (Part Level Submission) (Video) Sandhill Company has the following data at December 31, 2020. Securities Cost Fair Value Trading $118,600 $123,200 Available-for-sale 103,800 90,600 The available-for-sale securities are held as a long-term investment. (a) (b) Indicate the statement presentation of each class of securities and the related unrealized gain (loss) ace Sandhill Company Balance Sheet (Partial) December 31, 2020 Current Assets 123200 Investments Sandhill Company Income Statement (Partial) December 31, 2020 Sandhill, Company Comprehensive Income Statement December...
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