What is accumulated other comprehensive income

Assignment Help Accounting Basics

Reference no: EM132686673

Problem a. Given accumulated other comprehensive income on January 1 of $48,000 (credit), and other comprehensive income for the year of $2,000 (gain), what is accumulated other comprehensive income at year-end?

Problem b. If Net income is $40,000

Retained earnings 2019 $13,000

Retained earnings 2020 $43,000

Dividends $11,000

Total Stockholder's equity $165,000

Other comprehensive income ($1,000)

comprehensive income $40,500

What is Common stock?

Reference no: EM132686673

Questions Cloud

Describe two conceptual errors that the accountant made : Supplies has been in business for three months.Describe two conceptual errors that the "accountant" made in preparing the income statement shown in exhibit one

Discuss the five purposes of sentencing and punishment : Discuss the five purposes of sentencing/punishment and how they relate to environmental or industrial crime and to white-collar crime in general.

Explain the specific laws that were broken : The most popular means for terrorist groups to raise and transmit funds in the United States are charitable and nongovernmental organizations.

Research the design intent of your Case Study House : Case Study House and find plans, sections, and elevations with enough information to allow you to model it Model your chosen Case Study House in your

What is accumulated other comprehensive income : January 1 of $48,000 (credit), and other comprehensive income for the year of $2,000 (gain), what is accumulated other comprehensive income at year-end?

Determine the total cost of Rims according to the ABC system : Rims require $15 in direct materials per unit, and Posts require $12. Determine the total cost of Rims according to the ABC system

What internal controls were missing at crazy eddie : What was the impact on the financial statements of Crazy Eddie by claiming physical inventory they did not have? What internal controls were missing at Crazy

What would be the balance of the deferred tax liability : Determine whether the depreciation of the machine will lead to a deferred tax asset, or a deffered tax liability. What would be the balance of the deferred tax

How do the given concepts tie together : How do these concepts tie together? Which concept is the most important. Rank them and provide the reasons why you ranked them as you did?

User Account

All Pages