User Account

All Pages

What the balance of accumulated other comprehensive income

Assignment Help Accounting Basics
Reference no: EM132677723

For the year ended December 31, 2018, Transformers Inc. reported the following:

Net income $180,000

Preferred dividends declared 30,000

Common dividend declared 6,000

Unrealized holding gain on available-for-sale securities, net of tax 3,000

Retained earnings, beginning balance 240,000

Common stock 120,000

Accumulated Other Comprehensive Income, Beginning Balance 15,000

Problem 1: The balance of Accumulated Other Comprehensive Income that is reported on the balance sheet on December 31, 2018:

Select one:

a. None of the available choices

b. $12,000

c. $18,000

d. $192,000

Reference no: EM132677723

Questions Cloud

Risk companies face over unstructured data raises : Discussing the risk companies face over unstructured data raises concerns that need to be addressed when a company uses social media.
Making complex business decisions : Why might these sources of individual values not prove very helpful when making complex business decisions?
Describe the role of data mining with example : Using search engines and find two different recent articles involving data mining. Describe the role of "data mining" in the story using your own words.
Significance of daubert versus merrell dow pharmaceuticals : Explain the significance of the Daubert versus Merrell Dow Pharmaceuticals, Inc. the landmark case to computer forensics,
What the balance of accumulated other comprehensive income : What the balance of Accumulated Other Comprehensive Income that is reported on the balance sheet on December 31, 2018.?
What is the percentage increase in sales : Assume the following sales data for a company: Current year $873,928. What is the percentage increase in sales from the preceding year
Describe in detail the industry the company belongs to : Describe in detail the industry this company belongs to, and who represents its customer base. Who is your customer in this organization, internal or external.
Outline the stages of team development : Outline the stages of team development, and briefly describe what happens at each stage.
Steps in the decision-making process : Consider a big decision that you have made. Give a description of the decision using the steps in the decision-making process as your guide.

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