What is the profit for the current year

Assignment Help Accounting Basics
Reference no: EM133178314

Question - ABC Company provided the following data for the current year:

Income from continuing operations 8,000,000

Actuarial loss fully recognized in other comprehensive income 2,000,000

Dividend paid 700,000

Casualty loss (not included in income) 500,000

Required - What is the profit for the current year?

Reference no: EM133178314

Questions Cloud

Noteworthy accomplishments-management principles : Jack Welch is regarded as one of the most influential business leaders spanning many recent decades. As the long-time Chairman & CEO of General Electric he set
What is the translation adjustment to be recognized by abc : What is the translation adjustment to be recognized by ABC US in its Statement of Comprehensive Income for the year ended December 31, 2022
Explain the long-term motivation and engagement : Question: What impact would abusive behaviour and frequent temper tantrums by the CEO be likely to have on short-term employee motivation?
Decrease the number of involuntary absences : Retention of Human Resources must be viewed as a strategic business issue. Until a few years ago , the opposite of retention, turnover, was a routine HR matter
What is the profit for the current year : ABC Company provided the following data for the current year: Income from continuing operations 8,000,000. What is the profit for the current year
How does income shape the quality of early child development : How does income shape the quality of early child development, food security, housing, and social exclusion?
Should you buy the company, and if so, when should you buy : Further, if you wait 2 years before buying the company, you will lose $20 million in profit. Should you buy the company, and if so, when should you buy
Compare and contrast hypothetical company : You have started a company in Canada (homemade chocolate and treats or Inuit/native culture inspired clothing/household items since I am half Inuk and half Ojib
Ocean farming in the climate change era : 1: After reading the transcript, locate the video of Bren Smith's speech online and watch it. How does your perception of the argument change when you watch him

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.

  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!

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