Define comprehensive income. What are the two ways companies can present comprehensive income?

Q: What items are included in the company's operating income?

A: The performance of the company will be evaluated using the operating income of the company.…

Q: The Statement of Financial Position and the Statement of Comprehensive Income are critical to a…

A: Introduction: The statement of comprehensive income is described as the statement that includes…

Q: Briefly explain the internal characteristics that influence the rate of return for a company.

A: The rate of return is the discount rate that is the minimum rate of return which should be achieved.…

Q: Describe the three-line items of the multistep income statement. Explain why it would be important…

A: Multi-step income statement: The income statement represented in multi-steps with several subtotals,…

Q: Describe the procedure of using Ratios to make Business Decisions?

A: Ratio analysis: The analysis of a company using the financial ratios and comparing its trends and…

Q: Discuss the components of operating and nonoperating income and theirrelationship to earnings…

A: Meaning of Operating Income Operating Income is also known as Earnings before interest and taxes. It…

Q: Which one of the following accounting concepts/conventions enables the business to make comparative…

A: Accounting is process of recording the monetary transactions occur during the financial year. It…

Q: Explain the difference between capital expenditure and revenue expenditure, and how each type of…

A: Capital expenditure is an expense which is made to purchase an asset or to increase the capacity of…

Q: How can Turnover Ratios be used to judge a company's performance?

A: Ratio is a financial measure which is used to measure the company’s growth and performance by…

Q: What are the two ways companies can present comprehensive income?

A: Comprehensive income:   Comprehensive income represents the amount of net income plus other…

Q: What is E&P and how is it different than a company's net income?

A: Earnings and profits (E&P) are a company's ability to pay dividends to its shareholders. Many…

Q: Describe the way EPS information should be reported in an income statement.

A: Definition: Earnings per share: Earnings per share represent the amount of income earned per share…

Q: The resources of value owned by a business are called _____________. Group of answer choices…

A: Business means the activity or occupation that is done to earn the revenues.

Q: How can we n determine the net income (profits) of the firm mainly for the operating activities?

A: Statement of cash flows: It is one of the financial statements that show the cash and cash…

Q: Construct partial income statements, which start with EBIT, for the two firms.

A: Income statement is prepared by the business organizations so as to know how much amount of profit…

Q: For example, how does understanding profit and loss impact your perspective on operating a company?

A: Knowledge of profit and loss while operating a company is critical to the success of the enterprise.

Q: What is the net income for this firm?

A: Net Income is revenue excluding all expenses of the firm

Q: indicate whether the statement describes a multiple-step income statement or asingle-step income…

A:

Q: What criteria determine whether a company can recognize revenue over time?

A: Revenue is recognized over time if one of the following conditions is met: The customer…

Q: How does the company compare with other companies in the industry?

A: Ratio analysis: The analysis of a company using the financial ratios and comparing its trends and…

Q: Define accounting profit

A: The profit earned by an entity after considering all the cost and expenses accruing to the entity…

Q: Compare the Solvency, Liquidity and Profitability for the two companies

A: Solvency of any company is the ability of the company to run its day to day operation. The solvency…

Q: Describe how the income statement in that industry integrates with the other financial statements.

A: Financial statements reflect the performance and the financial position of the company for a given…

Q: Describe the process of using Ratios to make Business Decisions?

A: Answer: Ratio analysis is nothing but a study of a business using the financial factors and…

Q: Briefly describe the external characteristics that influence the rate of return for a company.

A: The rate of return for a company is the net gain or loss a project generates over the period of…

Q: accounting profit definition

A: Double-entry accounting (Double-entry book-keeping): This is a system of accounting where a…

Q: company's overall net operating income

A: Particulars Shampoo Bath Soap Sales 2,000 units * P350 = P700,000 9,000 units * P140 = P1,260,000…

Q: indicate whether the statement describes a multiple-step income statement or asingle-step income…

A: Net income: The bottom line of income statement which is the result of excess of earnings from…

Q: Can ratio analysis describe a business properly?

A: Ratio analysis: The analysis of a company using the financial ratios and comparing its trends and…

Q: What is the significance of a pro forma income statement in the context of a company?

A: Define the term: The phrase "for the sake of form" refers to the pursuit of formality. It is used to…

Q: Is a company's net income INDIRECTLY included in the company's balance sheet?

A: As per the guidelines, only one question is allowed to be answered. Please upload different…

Q: Define income from continuing operations.

A:

Q: Is accrual accounting more closely related to a company’s goal of profitability or liquidity?

A: ACCRUAL CONCEPT - generally, the accrual concept recognizes revenue as and when it is accrued or…

Q: Should we use common size financial statements to compare corporate performance with other…

A: A common size financial statement refers to that financial statement in which a line item is…

Q: Justify managers' use of accounting rules in managing the company's profits.

A: To satisfy financial expectations and maintain a healthy stock price, managers may be pressured to…

Q: nefits do c

A: Corporate stakeholders : In simple words, corporate stakeholders refers to those individuals or…

Q: What is “comprehensive income”? Its composition varies from company to company but may include which…

A: Comprehensive income: The total of net income and other comprehensive income (OCI) is referred to as…

Q: Explain the difference between NOPAT and net income. Which is a better measure of the performance of…

A: The net operating profits after taxes (NOPAT) is the operating profits after taxes. It includes all…