User Account

All Pages

Prepare a separate statement of comprehensive income

Assignment Help Accounting Basics
Reference no: EM131760351

Question: The Massoud Consulting Group reported net income of $1,380,000 for its fiscal year ended December 31, 2016. In addition, during the year the company experienced a foreign currency translation adjustment gain of $370,000 and had unrealized losses on investment securities of $40,000. The company's effective tax rate on all items affecting comprehensive income is 30%. Each component of other comprehensive income is displayed net of tax.

Prepare a separate statement of comprehensive income for 2016. (Amount to be deducted should be indicated with a minus sign.)

Reference no: EM131760351

Questions Cloud

Implemented to enable different generations : What things have you seen implemented to enable different generations to work together successfully?
Employee costs such as wages and salaries as expense : Some businesses see employee costs such as wages and salaries as an expense.
Develop the strategic objectives for your new division : Create a strategic objectives summary. Include your balanced scorecard and its impact on all stakeholders, and the communication plan.
Create a list of best practices to follow in field of health : Create a list of three best practices to follow in field of health services administration. Rank best practices in order of importance and provide a rationale.
Prepare a separate statement of comprehensive income : Prepare a separate statement of comprehensive income for 2016. (Amount to be deducted should be indicated with a minus sign.)
Hiring diverse workforce is difficult in some locations : Hiring a diverse workforce is difficult in some locations.
Write a risk management plan : Write a 1,050- to 1,400-word risk management plan, recommending at least one risk management option for each of the five threats
Ludicrous that the housing market could fail : Why was it actually not so ludicrous that the housing market could fail?
Discuss service revenue account remains unearned : the balance in the unearned service revenue account remains unearned at the end of the month.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd