User Account

All Pages

What amount should Gerogi Company report

Assignment Help Accounting Basics
Reference no: EM132567302

Question - Gerogi Company had the following balances for income from continuing operations and pretax gains and losses on December 31:

Income from continuing operations $540,000

Unrealized loss on trading security (92,000)

Unrealized gain on available-for-sale debt security 30,000

Unrealized loss on pension adjustment (110,000)

Gain on disposal of discontinued operations 240,000

The company's effective tax rate is 40%. What amount should Gerogi Company report as comprehensive income for the year ended December 31?

a. $580,800

b. $684,000

c. $492,000

d. $636,000

Reference no: EM132567302

Questions Cloud

Manufacturing a cylindrical container of uniform thickness : State two factors that should be controlled in manufacturing a cylindrical container of uniform thickness, which should normally be in standing position.
Prepare the cost of production report for department : Prepare the Cost of Production Report for Department: 1 for the month of May, 2020, if company uses "Weighted Average costing system".
Define theories of effective business response to innovation : Examine theories of effective business responses to innovation across disciplines. Find an article that provides guidelines for managers on how to manage.
Demonstrate how you could use the win-win approach : How difficult is it to separate your observation of your behavior from your interpretation of it - Is it easier now than it was earlier in the class
What amount should Gerogi Company report : The company's effective tax rate is 40%. What amount should Gerogi Company report as comprehensive income for the year ended December 31
What other factors may also be considered project success : Project success may be defined as the completion of the project within the cost, time, and performance constraints. In your estimation, what other factors may.
What amount should Bandana Company report : The company's effective tax rate is 40%. What amount should Bandana Company report as comprehensive income for the year ended December 31
What is the work done by the gravitational force : What is the work done by the gravitational force on the block when compressing the spring and what is the speed of it before compressing the spring?
What is the hourly cost for the system : Perform a cost analysis (ignore capital improvement costs) for both option and explain which option Catamount should take. Provide all relevant cost calculation

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd