HH
Hannah Hornung
Answers (5)
HH
Answered
A)Is $28 a price ceiling or price floor in the above graph?
B)Is there a shortage or a surplus?
C)How much is this shortage or surplus?
B)Is there a shortage or a surplus?
C)How much is this shortage or surplus?
On Jun 21, 2024
A)floor
B)surplus
C)22.5
B)surplus
C)22.5
HH
Answered
At the end of 2019,Jared Corporation reported a return on assets of 16%,average total assets of $365,000,and average total liabilities of $165,000.
What was Jared's net income?
What was Jared's net income?
On Jun 21, 2024
Return on assets = Net income ÷ Average total assets.Net income ÷ $365,000 = 16%.Net income = $58,400
HH
Answered
Outline how NCI will be disclosed in the consolidated statement of financial position,
statement of comprehensive income and statement of changes in equity.
statement of comprehensive income and statement of changes in equity.
On Jun 20, 2024
Disclosure of NCI:
- Statement of financial position-within equity separately from owners of parent
- Statement of comprehensive income-NCI in profit or loss for period and NCI in total comprehensive income,both on the face of the statement
- Statement of changes in equity-disclosure of NCI in total comprehensive income.
- Statement of financial position-within equity separately from owners of parent
- Statement of comprehensive income-NCI in profit or loss for period and NCI in total comprehensive income,both on the face of the statement
- Statement of changes in equity-disclosure of NCI in total comprehensive income.
HH
Answered
At the end of an accounting period if the fair value of the trading portfolio is less than its cost then the company should recognize an ______________ which is reported on the _________________.
On May 22, 2024
unrealized loss income statement
HH
Answered
Both IFRS and U.S.GAAP require a numerical reconciliation that explains the differences between statutory and effective tax rates.
On May 21, 2024
True