Which of the following items is not classified as other comprehensive income (OCI)? a) Extraordinary gains from extinguishment of debt.
b) Prior service cost adjustment resulting from amendment of a defined benefit pension plan.
c) Foreign currency translation adjustments.
d) Unrealized gains for the year on available-for-sale debt securities.

Answers

Answer 1
Answer:

Answer:

The answer is: A) Extraordinary gains from extinguishment of debt.

Explanation:

Other comprehensive income (OCI) refers to gains that have an effect on the balance sheet of a business but are not included in its income statement. They are reported separately on the statement of comprehensive income along with the net income. These gains have not yet been realized. For example, your company owns government bonds and their price increases, but the company has not sold them yet, so no capital gain has been realized.


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On January 2, 2018, Schneider Company issues $100,000 of 6% bonds. Interest of $3,000 is payable semi-annually on June 30 and December 31. The bonds mature in 5 years. The bonds issued for $95,842 with an effective interest rate of 7%. Effective interest recognized on June 30, 2018, using the effective interest method, will be equal to (round to the nearest full dollar)

Answers

Answer:

$3,354.

Explanation:

$95,842 * 0.035 = $3,354.

When selecting a career you should consider all of the following, EXCEPT: a. what others think b. your skills and interests c. desired lifestyle d. how much education is required

Answers

When selecting a career you should consider all of the following except  what others think Option(a) is correct.

What is a Career?

The career is a person's allegorical "venture" through learning, work and different parts of life as and when required.

A career can be characterized as the succession and assortment of occupations embraced for a critical time of an individual's life and with valuable open doors for progress. All the more extensively, 'career ' incorporates life jobs, relaxation exercises, learning.

There are many advantages to having a career reason. In the first place, it will move you to do and be more in your work, which will illuminate you and make your life wake up. You'll gain more headway in your career as well, since you're locked in and keen on the thing you're doing.

Career objectives are targets. Things, positions, circumstances connected with your expert life that you have focused on accomplishing. They can be present moment, such as getting an advancement or certificate, or they can be long haul.

Therefore Option(a) is correct.

Learn more about Careers here:

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A) what others think. Your career is a part of your life, not theirs. You should follow your gut when choosing your occupation, and do what YOU want. You are in control of your career, and whether it will be a successful one.

Klein Cosmetics has a profit margin of 5.0%, a total assets turnover ratio of 1.5 times, a zero debt ratio and therefore an equity multiplier of 1.0, and an ROE of 7.5%. The CFO recommends that the firm borrow money, use it to buy back stock, and raise the debt ratio to 50% and the equity multiplier to 2.0. She thinks that operations would not be affected, but interest on the new debt would lower the profit margin to 4.5%. This would probably be a good move, as it would increase the ROE from 7.5% to 13.5%.

Answers

It is true that this change would probably be a good move, as it would increase the ROE from 7.5% to 13.5%.

Explanation:

Equity multiplier is calculated by dividing the total assets of a company to shareholder’s equity of an organization. If a company has not raised any debt, then such company would be having equity multiplier equal to 1. t is a leverage ratio.

Return on equity is another financial measure to calculate the return. It is calculated by dividing the net income of a company to the shareholder’s equity. It directly shows the amount that a company is earning on its money invested by the equity shareholders.

What are the main similarities and differences between QE in Australia, in the UK, in Japan; in the Eurozone; and in the USA.(comparing to Australia)

Answers

The main similarities between QE in Australia, the UK, Japan, the Eurozone, and the USA are that they all involve central banks purchasing government bonds or other assets to inject money into the economy. This is done to stimulate economic activity, increase liquidity, and support financial markets.

However, there are also some differences in the implementation and scale of QE among these countries. For example, the specific assets purchased, the timing and duration of the programs, and the overall size of the QE programs can vary. Additionally, the specific goals and objectives of QE may differ slightly depending on the economic conditions and policy priorities of each country.

Overall, while there are similarities in the general approach of QE across these countries, the specific details and nuances may vary.

Heather is seeking to start a business. She is wanting to protect her assets and bring in other people to help her get started and hire people to run the business. What form of business organization should Heather set up?

Answers

Answer:

partnership

Explanation:

Based on the scenario being described it can be said that the business organization that Heather should set up is known as a partnership. This refers to a business arrangement between various parties in which they all parties involved share the business operation's profits and liabilities equally. Which is what Heather wants in this situation by bringing in other individuals to run the business with.

Answer:

Partnership

Explanation:

In partnership, there is an agreement between two or more people to oversee business operations and share its profits and liabilities. Heather want this form of partnership that is why she wants to bring other people to help her get started. By doing this she doesnt need to use all her assets as the oartners willmcontribute their quota for the benefit of the business

General Dynamics (an aerospace and defense corporation with its headquarter located in Fairfax County) makes communication devices for military contracts . The company just completed two contracts (with the same type of device ). The navy contract was 4, 300 devices and took 20 workers two weeks to complete . The army contract was for 8,300 devices that were produced by 25 workers in three weeks . Assume 40 working hours per week per worker . On which contract were the workers more productive?

Answers

Answer:

The army contract

Explanation:

Productivity can be measured by output per hour. i.e.

dividing the total output by hours worked.

productivity = output/hours worked

The navy contract

output =4,300

the hours worked = 20 workers working for two weeks, each week has 40 hours

Each worker worked 40 x 2 hours = 80 hours

20 workers worked for

80 hrs x 20

= 1600 hours

Productivity = 4,300/1600

=2.6875

For the military contract

output = 8300

hours worked

=  25 workers in three weeks, each week 40 hours

each worker worked, 40 x 3 hours = 120 hours

Twenty-five workers:

=25 x  120 hours

= 3000 hours

Productivity = 8300/3000

=2.766

The productivity for the military contract (2.766) was higher than for the navy contrac t(2.6875).