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Is it possible if a better interpretation and/or translation of each sentence can be provided, please? I have a hard time understanding the choice of
Is it possible if a better interpretation and/or translation of each sentence can be provided, please? I have a hard time understanding the choice of words that appears above.
Comprehensive Income items Available for sale securities cost - 5,500,000 Market 5,235,000 ( assumed one zerous value missing in the question) The value has come down, hence it has to be recorded at market value and has to affected against comprehensive income. less unrealised loss 5,500,000 - 5,235,000 = 2,65,800 Debit unrealised loss - other comprehensive income 2,65,000 credit Jo available jar sole securities 2,65,000 Tax information & implicatione $1.50o in meal & entertainment enpence show as a permanent difference. For permanent differ For differences deferred tax asset or liability account is alleeted. It is due to dis allowances as per tax laws and cannot be reveried. No Journal entry will be passed giving affect to DTA | DTL. But additional tax will be paid to the extent of amount not allowed as a deduction .- Depreciation since depreciation is higher in tan books compared to accounts it will result in deferred tax asset DTA to be = 209301 QS. 100 = 52,325.25 Debit Deferred take asset a/c 52,325.25 credit 52,325.15 be affected To Projet & Loss al Stockholders equity 100 Dividend After tax projet = $600,000 1 Issuing loy , 100 par-convertible preferred stock. Interest to be paid = 1000,000 x 10 = loopoo Revised after tax proju 6,00,000 -1,00,000 = 5,00,000 The earnings per share would come down as carnings per share is calculated post considering preforried dividendStep by Step Solution
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