Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a company reported net income of $400. in addition

A company reported net income of $400. In addition, it reported the following (all pretax):...

90.2K

Verified Solution

Question

Accounting

A company reported net income of $400. In addition, it reported the following (all pretax): $100 unrealized gain on available for sale securities, $200 unrealized loss on the translation of foreign currency, and $300 unrealized loss on cash flow hedges. The company has a debit balance of $50 in its accumulated other comprehensive income account at the beginning of the period. Assume a 20% tax rate.
Calculate comprehensive income.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

What is cvs company dividend policy? Explain with reference

Finance
Q

Matlab code for resonant frequency of coaxial cable  

Electrical Engineering
Q

A composite metal bar of uniform section is made up of length 25 cm of...

Physics
Q

Question 1 - 34 pts Olivia's Shoes sells high end footwear. Due to the high...

Accounting
Q

Magic Realm, Inc., has developed a new fantasy board game. The company sold 18,600 games...

Accounting
Q

The MoMi Corporation's income before interest, depreciation and taxes, was $2.5 milion in the year...

Accounting
Q

The income from operations and the amount of invested assets in each division of Beck...

Accounting
Q

The payment of a liability increases assets and decreases liabilities. decreases assets and stockholders' equity....

Accounting
Q

Even as the cash is spent for necessities of running the business, you need to...

Accounting
Q

please answer the question Payback, Accounting Rate of Return, Net Present Value, Internal Rate...

Accounting
Q

Hi there! Please Help: 1) Acme Manufacturing Company (AMC) borrows $7.5 million under a short-term,...

Accounting
Q

Hayes, David K. Control de costos de alimentos y bebidas 6. edicin Pon a prueba...

Accounting