In its proposed 2020 income statement, Hrabik Corporation reports income before income taxes $493,000, income taxes $172,550 (not including unusual items), loss on operation of discontinued music division $58,000, gain on disposal of discontinued music division $38,000, and unrealized loss on available-for-sale securities $151,000. The income tax rate is 35%.
Prepare a correct statement of comprehensive income, beginning with income before income taxes. (Enter loss using either a negative sign preceding the number e.g. -2,945 or parentheses e.g. (2,945).)
Answers
The correct statement of comprehensive income is $209,300
Hrabik Corporation Statement of comprehensive income (partial) For the year ended December 31, 2020
Income before income taxes $493,000
Less Income tax expense $172,550
Income from continuing operations $320,450
($493,000-$172,550)
Discontinued operations
Loss from operation of discontinued division ($37,700)
[$58,000×(1-35%)]
Gain from disposal of discontinued division $24,700
[$38,000×(1-35%)]
($13,000)
Net Income $307,450
($320,450-$13,000)
Unrealized Loss on available-for-sale Securities ($98,150)
[$151,000×(1-35%)]
Comprehensive income $209,300
($307,450-$98,150)
Inconclusion The correct statement of comprehensive income is $209,300
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Related Questions
At a party after your high-school football game there are several under-age people consuming alcohol. As you leave, you notice an unconscious guy looking really bad. His friends are concerned that he needs medical attention, but they are afraid that they'll be arrested if they take him to the hospital . You volunteer to take him to the hospital because you know that TABC will not cite him for illegal possession or consumption of alcohol since this is a life or death situation and getting medical attention immediately is critical . Are you correct that the guy who drank all the alcohol will not be arrested even if TABC is at the hospital ?
Answers
To a large extent, I should be correct that TABC at the hospital will not arrest the guy who drank all the alcohol because he requires immediate medical attention and to not be arrested.
What is underage alcoholism?Underage alcoholism is a physical or emotional dependency on alcohol by a teenager.
Some of the consequences of underage alcoholism are:
Unintentional death and injury can occur.Homicide and violenceSu.cidal attemptsS.xual assaultVandalism and property damageOther risky behaviors.Thus, I should be correct that TABC at the hospital will not arrest the guy who drank all the alcohol because he requires immediate medical attention.
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3. 1.2 Explain how the looting of shops and malls will affect businesses in terms of the relationship between social responsibility and Triple bottom line
Answers
Looting shops and malls is a serious crime which today's world faces. Whenever there is any event or natural disaster there is a group of people who exploit this situation.
Many shops and malls are looted as everyone is busy escaping the natural disaster.
There are the people who benefit from these crisis. There is social responsibility of every citizen not to exploit the situation.
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The looting of shops and malls reduces the incentives for businesses to carry out their social responsibility and minimizes their ability to meet the Triple bottom line.
Social responsibility imposes an obligation on businesses to strike a good balance between these factors:
economic growthsocial welfareenvironment impactSimilarly, businesses have the mandate to meet the Triple bottom line in these ways:
Meeting financial performance targets in terms of profits and shareholder valuesMaking positive social impact on the people, internal and externalEnsuring that their environmental footprint is not too negative on the planet.Thus, when people engage in the looting of shops and malls at the slightest provocation, the ability of businesses to meet both their social responsibility and Triple bottom line is jeopardized.
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15. Although she hates the work, Jessica has spent most weekends and the last three summers as a short-order cook; she has an associate's degree in paralegal
studies; she loves to ride and spends every spare minute helping her uncle with his three horses. Now that she's planning to start a business, her best choice
would probably be a
O A. fast-food franchise.
O B. riding stable.
© C. restaurant.
D. legal research service.
Answers
with the knowledge gained from your study of introduction to Total Quality Management, discuss two measures you would put in place to minimize the decline in the business
Answers
Answer:
Total quality management (TQM) is the continual process of detecting and reducing or eliminating errors in manufacturing, streamlining supply chain management, improving the customer experience, and ensuring that employees are up to speed with training.
Explanation:
Total Quality Management, TQM, is a method by which management and employees can become involved in the continuous improvement of the production of goods and services. It is a combination of quality and management tools aimed at increasing business and reducing losses due to wasteful practices.
Jim’s claim under Title VII is _____________.
Answers
Answer:
Jim's claim under Title VII is valid under hostile work environment sexual harassment.
Explanation:
https://corporate.findlaw.com/human-resources/title-vii-and-sexual-harassment-claims.html
What are Control objectives
Answers
I hope above is the answer of that.
What report in QuickBooks Online will show whether a client was profitable for a specific period?
Answers
Answer:
I think Profit and Loss
Hope this help!:)
Name and explain money notes
Answers
Answer:
Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular country or socio-economic context.[1][2][3] The main functions of money are distinguished as: a medium of exchange, a unit of account, a store of value and sometimes, a standard of deferred payment.[4][5] Any item or verifiable record that fulfils these functions can be considered as money.
dentify examples of economic systems in the Philippines. Describe how these systems address economic questions.
Answers
Answer: The Philippines has a mixed economic system which includes a variety of private freedom, combined with centralized economic planning and government regulation. Philippines is a member of the Asia-Pacific Economic Cooperation (APEC) and the Association of Southeast Asian Nations (ASEAN).
Explanation:
There are many different types of economic systems used throughout the world. Some examples are socialism, communism, and capitalism.
Which development would most reflect Karl Marx’s belief in the economic system that he predicted would replace free markets?
Answers
Answer:
the answer is C
Explanation:
Answer:
workers share all the profits generated from a factory
Explanation:
I just took it
What is meant by the word business
Answers
Answer:
Business is a commercial activity or a persons regular occupation , profession or trade.
A business would like to invest in a new product, but they are short on extra
cash for such purposes. They are in a good position as a business, though:
Their employee costs are average, their market share is relatively high, and
they have enough inventory on hand to last for months. What would be one
good solution if they want to find extra cash for the new product?
A. Fire at least one employee.
B. Cut wages for all employees.
C. Raise prices on their inventory even if it takes longer to sell it.
D. Liquidate some inventory to increase cash flow.
Answers
Answer:
d is answer I think ok that's not for sure
what is the role of HR in the organization?
Answers
Answer:
department charged with finding, screening, recruiting and training job applicants as well as administering employee-benefit programmes
Explanation:
It is HRM's responsibility to ensure good working environment for the employee.
A demand curve shows the graphical relationship between price and services
Answers
It should be noted that demand curve shows the graphical relationship between price and services as well as quantity demanded.
What is a demand curve?The demand curve can be regarded as economic graphical representation ,which display relationship between the price and quantity demanded.
This demand curve is very crucial in economics because it helps in economic analysis.
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Gerry Co. has a gross profit of $1,200,000 and depreciation expense of $400,000. Selling and administrative expense is $250,000. Given that the tax rate is 40 percent, compute the cash flow from operations for Gerry Co.
Answers
The cash flow from operations for Gerry Co is $730,000.
The following format should be considered:Gross profit $1,200,000
Less: depreciation $400,000
Less: selling & admin expense -$250,000
EBIT $550,000
Less: taxes (40% of $550,000) $220,000
Net income $330,000
Add: depreciation expense $400,000
Cash flow from operations $730,000
Therefore we can conclude that The cash flow from operations for Gerry Co is $730,000.
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Many new families from another country settle in a particular city. Jobs in that city for translators of that country's language are most likely to Which phrase best completes the statement? o be moved to another city o be eliminated O stay about the same O be expanded 0 1 2 3 4 5 6 7 8 9 10 Next →
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stay about the same .that the families are moving to a new country doesn't mean they don't understand the country's new language.a Canadian moving to USA is an example
Examine four factors that affect net export of a country.
Answers
Answer:
The chief determinants of net exports are domestic and foreign incomes, relative price levels, exchange rates, domestic and foreign trade policies, and preferences and technology.
if my answer helps you than mark me as brainliest.
MCQ: An advantage of 'forced distribution method' is
A. avoids central tendency and biases
B. avoids central tendency and biases
C. provides behavioral anchors
D. end up with predetermined rating figures
Answers
Answer:
A. avoids central tendency and biases
Explanation:
Jason purchased 500 shares of XYZ stock at $17.12. One year later he sold the 500 shares at $18. He paid a transaction fee of $19.95 for each transaction. What was the amount of gain or loss on the sale?
Answers
Hi
assuming he bought and sales all in the same order we have :
500x18 - 500x17.12 - 2* 19.95 =
I let you do math.
Answer:
420.05$. He gained.
Explanation:
1800$*500=9000$
17.12$*500=8560$
and he had to pay 19.95$ for transaction.
so,the amount he gained is 9000$-8560$-19.95$
=420.05$
A gain or loss may be incurred if the sale or trade of an asset is greater than or less than the __________ value of the asset.
Answers
Answer:
Carrying
Explanation:
A gain or loss may be incurred if the sale or trade of an asset is greater than or less than the carrying value of the asset.
why teams need negotiation skills?
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Answer:
Negotiating a decision that the group is all happy with increases a team's cohesion and helps individual members examine their own motivations. Successful negotiation provides the team with faith in their ability to continue to co-operate with each other.
hope it helps you.g Mr. Zee worked 44 hours during the week ended january 18. he is paid 12 per hour and is paid time and a half for all hours over 40 in a week. what is the net pay for mr zees current paycheck
Answers
Answer:
$544
Explanation:
Hello.
So Mr. Zee works a week of 44 hours, and he's getting paid $12 an hour, and any time over 40 hours a week, he get's paid his normal wage plus half his normal wage, or $6, so as soon as he starts working longer then 40 hours, he is getting paid $18 an hour.
So take 40, multiply it by 12, which gives you $480
Next, take 4, and multiply it by $16 ( his overtime ), which gives you $64.
And lastly, take $480 and add $64, which gives you a total sum of $544
What do you know about the company/organization you wish to work for?
Answers
Explanation:
Financial health of the company.
Company's brand value.
Work culture and environment.
wages and salary ofc
Any attention towards a business from the public media counts as which of
the following?
O A. Publicity
O B. Sponsorship
C. Public relations
O D. Advertising
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Answer:
Publicity
Explanation:
<33
Answer:
publicity
Explanation:
discuss whether or not the demand or changes in supply have a larger influence on the market for tomatoes
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Answer:
It have large change in market due to the change in demand and change in supply of tomatoes because when the the rate is increased so show the person stop buying or decrease buying tomatoes and when rate is decreased so people buy more tomatoes and if supply will decrease then and the the rate of tomatoes will automatically.
Hope it helps you.Recommend promotion that you think will sell the most vehicles.
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Answer:
Promotion 1
Explanation:
I hope this is helpful
Find an app designed to support a business process. What is the business process? How does the app propose to improve it?
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Answer:
monitor your progress at hand
You are the manager of the best-performing subsidiary in an MNE. Because bonuses are tied to subsidiary performance, your bonus is the highest of all subsidiary managers. Now headquarters is organizing managers from other subsidiaries to visit and learn from your subsidiary. You worry that if performance at other subsidiaries catches up, your subsidiary will no longer be the star unit and your bonus will go down. What are you going to do?
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reasons for looting in SA
Answers
Answer:
i dont now you have to geve me more infoemation sorry
While there are many methods of recruiting needed talent for an industry, SHRM is interested in capturing
students by saying "here is a career opportunity" for you. In preparing for a career in HR, these new busines
leaders will need to be
A. Inflexible and consistent
B. Creative, adaptive, and agile
C. Unyielding
D. Transactional leaders
Answers
Answer:
creative, adaptive, and agile.
Explanation: