Where on the income statement does a company report an unusual gain not expected to occur more
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 57% (14 reviews)
This gain is considered to be unusual but not i...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Managerial Accounting questions
-
Where on the balance sheet does a company report its unrecognized tax benefits?
-
The net income reported on the income statement of Goth Co. was $2,500,000. There were 100,000 shares of $10 par common stock and 40,000 shares of $4 preferred stock outstanding throughout the...
-
The net income reported on the income statement for the current year was $720,000. Depreciation recorded on store equipment for the year amounted to $32,700. Balances of the current asset and current...
-
Consider a long cylindrical solenoid with diameter R, number of current loops N and length L through which a current I runs. Now (a) Use Ampre's law to calculate the magnetic field inside the...
-
Jenny Corporation recorded warranty accruals as at December 31, 2014, in the amount of $150,000. This reversing difference will cause deductible amounts of $50,000 in 2015, $35,000 in 2016, and...
-
The problems of using ratio analysis on a set of published accounts exceed the benefits to be gained. Discuss.
-
Explain why communication is key to fostering effective relationships.(pp. 132134)
-
Moriband Corp. paid a dividend of $2.15 yesterday. The companys dividend is expected to grow at a steady rate of 5 percent for the forseeable future. If investors in stocks of companies like Moriband...
-
Question 9.1 (Total: 20 marks) 1When Rosana, CFO of Hydie Inc., first evaluated the segmented income statement below, he flew into his usual rage: "When are we having losses in our product lines, I...
-
The new enterprise resource planning (ERP) system at Al Rawahi has enabled the company to slash its costs associated with purchasing and accounts payable, Mr Abdul, Al Rawahis president, is convinced...
-
Why would a companys return on total assets be different from its return on common stockholders equity?
-
Use Best Buys financial statements in Appendix A to compute its return on total assets for the years ended March 3, 2007, and February 25, 2006. Total assets at February 26, 2005, were $10,294 (in...
-
Population a. How many immigrants do you think would arrive (or depart) in 10 years? Will the population grow? Suppose immigration and emigration change the sizes of four populations with the...
-
Design an arithmetic circuit with two selection variables S 1 and S 0 and two n- bit data inputs A and B. The circuit generates the following eight arithmetic operations in conjunction with carry C...
-
Larrys Sporting Goods is a locally owned store that specializes in printing team jerseys. The majority of its business comes from orders for various local teams and organizations. While Larrys prints...
-
Pecos Pecan Pads makes pressed pecan wood covers to prevent weed growth. During July 2009, the company produced and sold 44,000 rolls and recorded the following cost data: Requirements 1. Compute the...
-
The Human Resources departments costs are allocated to the other departments based on the number of direct labor hours. The departments expected fixed costs are 400,000 and its variable costs are...
-
A lawyer allocates overhead costs based on her hours working with different clients. The lawyer expects to have \($200,000\) in overhead during the year and expects to work on clients cases 2,000...
-
The second adjustment for Merchandise Inventory under the periodic inventory system is to debit Cost of Goods Sold and credit Merchandise Inventory.
-
How does health insurance risk differ from other types of insurance risk (e.g., automobile or homeowners insurance)? What is the difference between cost sharing and cost shifting? Is retiree health...
-
The concept examined three possibilities with regard to the use of language during a business encounter. A fourth possibility is for the manager in question to learn the target language and employ...
-
Kane Biotech was preparing the annual financial statements and, as part of the year-end procedures, assessed the assets and prepared the following alphabetized schedule based on adjusted values at...
-
ZCL Composites sold a van on March 1, 2014. The accounts showed adjusted balances on February 28, 2014, as follows:...
-
Gandalf Co. purchased and installed a machine on January 1, 2014, at a total cost of $296,800. Straight-line depreciation was taken each year for four years, based on the assumption of a seven-year...
-
ABC Company engaged in the following transaction in October 2 0 1 7 Oct 7 Sold Merchandise on credit to L Barrett $ 6 0 0 0 8 Purchased merchandise on credit from Bennett Company $ 1 2 , 0 0 0 . 9...
-
Lime Corporation, with E & P of $500,000, distributes land (worth $300,000, adjusted basis of $350,000) to Harry, its sole shareholder. The land is subject to a liability of $120,000, which Harry...
-
A comic store began operations in 2018 and, although it is incorporated as a limited liability company, it decided to be taxed as a corporation. In its first year, the comic store broke even. In...
Study smarter with the SolutionInn App