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Indicate by letter whether each of the items listed below most likely is reported in the income statement as Net Income (NI) or in the statement of comprehensive income as Other Comprehensive Income (OCI).
Items :
_____ 1. Increase in the fair value of securities available-for-sale_____ 2. Gain on sale of land_____ 3. Loss on pension plan assets (actual return less than expected)_____ 4. Gain from foreign currency translation_____ 5. Increase in the fair value of trading securities_____ 6. Loss from revising an assumption related to a pension plan_____ 7. Loss on sale of patent_____ 8. Prior service cost_____ 9. Increase in the fair value of bonds outstanding; fair value option_____ 10. Gain on postretirement plan assets (actual return more than expected)
during 2012 lopez corporation disposed of pine division a major component of its business. lopez realized a gain of
identify the five steps in the team thinking model. which of these steps do you think is the most challenging for the
Assuming that the appropriate rate of interest is 9%, to whom should Betta sell the land? Show calculations.
hampton corporations research and development department is presenting a proposal for new product research. the new
Financial Statement Accuracy
boehm rest company has 30000 shares of its 1 par value common stock outstanding. record in journal form the following
The 17,200 hours worked during the period resulted in production of 8,500 units. Manufacturing overhead cost incurred was $136,500.Calculate the following three overhead variances:
Discuss the differences between the indirect and direct methods of preparing the statement of cash flows. What do you believe are the most significant advantages and disadvantages of using each method? Explain your reasoning.
An internal transfer between two divisions is in the best economic interest of the entire organization when:
In a period of increasing prices, why would the company tax accountant prefer the last in, first out method while the CEO would prefer first in, first out? Why is this important?
To make the necessary adjustments, you are given the following information: Inventory figures in the unadjusted trial are for the beginning of year 2004. The December 31, 2003, year-end inventories are $5,915 for food and $2,211 for beverages. Acc..
betty meyer makes 40000 per year as an exempt employee. she worked 25 hours of overtime in the month of march. payday
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