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Question - Skysong, Inc.. follows IFRS and has the following amounts for the year ended December 31, 2020: gain on sale of FV-NI investments (before tax), $14,400; loss from operation of discontinued division (net of tax), $40,200; income from operations (before tax), $201,600; unrealized holding gain-OCI (net of tax), $11,400; income tax on income from continuing operations, $60,100; loss from disposal of discontinued division (net of tax), $71,500. The unrealized holding gain-OCI relates to investments that are not quoted in an active market.
Required -
1. Calculate income from continuing operations.
2. Calculate net income.
3. Calculate other comprehensive income.
4. Calculate comprehensive income.
Impairment) Elaina Company has the following investments as of 12/31/17: Investments in common stock of Laser Company $1,500,000. Prepare journal entires to record the impairment of these two securities at 12/31/18. Assuming the Faisr Value of the La..
Sam’s Club is a merchandising entity; on October 1st, they purchased goods from a company for $22,000 with terms of freight on board (FOB) shipping point, 3/10, n/EOM, Sam’s Club paid 30% of the amount due on October 5th, another 30% on October 9th, ..
1. which of the following statements is true?a.the cost of goods available for sale consists of ending inventory and
Which are convertible into 15,000 shares of common. Rocklands tax rate is 30 percent. Compute Rocklands 2017 diluted earnings per share
The required rate of return on the equity shares is 15%. What will be maximum price you will recommend the investor to buy the equity share of the company.
Manufacturing Accounting is different from Financial Accounting and what is the nature and purpose of Departmental Accounting and provide the example
develop a personal financial plan detailing the financial goals that you and your family have developed.
Suppose you sell the stock at a price of $62. What is your return? What would your return have been had you purchased the stock without margin?
Identify the performance obligations in each of contract not more than 5 lines, in accordance with IFRS 15. A company enters into contract
Evaluate how does above bullet point affect Ora's audit report to Noved's Board of Directors and Jones's firm provided financial consulting services to Noved during 2009 and 2008, for which Noved paid just about $1,600 and $9,000, correspondingly.
Ignoring the cross product between the real rate of interest and the inflation? rate, Determine what is the real? risk-free rate of? interest?
private college transactions. elizabeth college a small private college had the following transactions in fiscal year
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