Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
As required by GAAP [FASB ASC 320, previously SFAS No. 115], Microsoft Corporation reports its investments available-for-sale at the fair value of the investment securities. The net unrealized holding gain is not reported in the income statement. Instead, it's reported as part of Other comprehensive income and added to Accumulated other comprehensive income in shareholders' equity.Comprehensive income is a broader view of the change in shareholders' equity than traditional net income, encompassing all changes in equity from non owner transactions. Microsoft chose to report its Other comprehensive income as a separate statement in a disclosure note in its 2009 annual report.
Required:
1. The note indicates Unrealized holding losses during 2009 in the amount of $(263) million. Is this the amount Microsoft would include as a separate component of shareholders' equity? Explain.
2. What does Microsoft mean by the term, "Reclassification adjustment for gains (losses) included in net income"?
What is the expected YTM on a bond
mathias has been the sole proprietor of a clothing store for many years. he intends to retire after holding a
in recent years a number of coal-miners have suffered severe accidents at the hands of their employers. your paper will
Compute the amount of net income that ABC Company would report inits 2007 income statement after all the above transactions arerecorded and all necessary adjusting entries are made at December31, 2007. Don't use decimals in your answer.
you are provided with the following information for web inc. for the month ended june 30 2010.web uses the periodic
The form on page shows the amounts that appear in the Earnings to Date column of the employees' earnings records for 10 workers in Ranger Company.
how do strategic planning long-range planning and budgeting differ?a. strategic planninc focuses on the effects that
Net periodic pension cost recognized by an employer sponsoring a defined benefit pension plan may include a gain or loss component. Gains and losses requiring amortization:
andy had agi of 80000 for 2010. he was injured in a rock-climbing accident and paid 5200 for hospital expenses and 2800
a company allocates materials handling cost to the companys two products using the below datamodular homes prefab
What are the advantages of Altitude Online adopting a new ERP system compared to simply connecting existing corporate systems?Why isn't an out of the box ERP system enough for Altitude Online? What additional needs does the company have? Is this the ..
a manufacturing company applies factory overhead based on direct labor hours. at the beginning of the year it estimated
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd