What the amount that Kavior Inc report in its AOCI account

Assignment Help Accounting Basics
Reference no: EM133055472

Question - On January 1, 2021, Kavior Inc. Ha a credit balance in the Accumulated Other Comprehensive Income (AOCI) of $36970. On August 21, 2021 Kavior Inc purchased 3000 Shares of Emilia Inc for $110 plus $2500 in brokage commission, Which were capitalized. Kavior Inc. correctly classified this investment as FV-OCI without recycling. On September 20, 2021, Inc. sold half of the shares for $114 each. On December 31, 2021, Emilia Inc. shares traded at $107. In 2021, Kavior reported net income of $35920. What the amount that Kavior Inc. would report in its AOCI account at December 31, 2021?

Reference no: EM133055472

Questions Cloud

How many full deposits are required : You make deposits of $1,000 at the end of each quarter in an account earning 7.25% compounded quarterly. How many full deposits are required
Determine the present value of the bonds payable : Moss Co. issued $101,000 of four-year, 11% bonds with interest payable semiannually, Determine the present value of the bonds payable
Determine the unit contribution margin : The following is information concerning a product manufactured by Ames Brothers. Determine the unit contribution margin
What is the amount of dividends income : What is the amount of dividends income and gain/loss on disposal of investments to be included in net income on December 31, 2021
What the amount that Kavior Inc report in its AOCI account : In 2021, Kavior reported net income of $35920. What the amount that Kavior Inc. would report in its AOCI account at December 31, 2021
Experiencing stressful situation in workplace : Imagine you're mentoring one of the people in the scenario below who is experiencing a stressful situation in the workplace.
Mastering your career confidence : How have the strategies you've learned throughout this course helped you begin mastering your career confidence?
Different types of crime mapping strategies : Explain how the different types of "crime mapping" strategies can be used to identify vulnerable neighborhoods prone to crime
Incarceration as means for controlling prison populations : Examine the importance of alternatives to incarceration as a means for controlling prison populations

Reviews

Write a Review

Accounting Basics Questions & Answers

  Overwood works fluctuating work schedules

Carrie Overwood works fluctuating work schedules. Besides her fixed salary of $1050 per week, her employment agreement provides for overtime pay at an extra half-rate for hours workded over 40.

  What is the purpose of a bank reconciliation

What is the purpose of a bank reconciliation? What are the reasons for differences between the cash reported in the accounting records

  Find out degree of financial leverage at fifty percent rate

Find out Degree of Financial Leverage at 50% rate of tax. Bond selling of 100,000 with rate of interest 12.5%. There is no preferred stock in the structure

  Complexities and key issues involved in impairment testing

ACCG923 - Accounting Standards and Practice - Critically analyse to what extent the latest annual report of your company meets the disclosure requirements

  What is the total estimated income from operations

Differential Analysis Involving Opportunity Costs- If proposal is accepted, what is the total estimated income from operations of the warehouse for the 14 years

  Prepare journal entry for provision for long-service leave

Prepare the journal entry for the provision for long-service leave for 30 June 2020 in accordance with AASB 119

  Assume that in month 6 the move time process time and so

inverness corporation has recently begun a continuous improvement campaign. as a consequence there have been many

  Compute the nominal annual rate of interest

Compute the nominal annual rate of interest (compounded quarterly) at which $980.00 deposited at the end of each quarter

  Prepare journal entries for the transactions

Journal Entries for the Cost Accounting Cycle - Prepare journal entries for the transactions, including the recording, payment, and distribution of the payroll

  Develop an example of compliance pertaining to each standard

Develop an example of compliance pertaining to each standard. Develop an example of a situation that could lead to a potential violation of each standard.

  Estimate of the company cost of equity

If the stock currently sells for $65, what is your best estimate of the company's cost of equity?

  Can they make either or both of the changes they propose

Teresa, Samantha, and Melanie have operated Broken Feather LLC for the last four years using a calendar year-end. Can they make either or both of the changes

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