Name and explain 2 main components of equity which are part of comprehensive income. Now name and explain 2 main components of equity which are not part of comprehensive income.

Q: Explain the relation between balance sheet, income statements, and changes in equity statements on a…

A: Step 1: Financial statements include: The income statement which includes the summary of revenues…

Q: Under FASB 52, the temporal method requires that: A. translation gains and losses are included in…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: What are the two items whose sum is the cost of equity?

A: Answer: The following are the two items whose sum is the cost of equity. They are, Dividends, and…

Q: "E" in EBT abbreviation means Select one: a. equity b. gross profit

A: SOLUTION- Operational profit, also known as operating profit or operating income, is a company's…

Q: 1-Accaunting a) income statmest to Statemet of aunes epuity b) balance sheet to stakment of anos…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: are income and expenses included in the equity?

A: Lets understand the basics. Equity is a amount invested by the owner of the entity. In company, we…

Q: Please indicate whether each entry is accounted for in profit or loss (P/L), other comprehensive…

A: Lets understand the basics. Profit or loss account is statement which shows revenue and expense…

Q: For purposes of computing the WACC, if the book value of equity exceeds the market value of equity,…

A: WACC is the weighted average cost of capital of the capital sources of a firm. It includes equity,…

Q: Explain the income & expenditure and Receipts & payment? Draw the format with example? What is the…

A: Income and Expenditure Account: Its a summary of all incomes and expenditures of current accounting…

Q: What is equity multiplier ? a) Total Assets /Equity b) Equity / Net Sales c) Total Assets / Net…

A: The equity multiplier is a common ratio which is used in accounting and finance analyses. It is…

Q: Return on equity b. Total assets turnover c. Return on assets

A: “Since you have posted a question with multiple sub-parts, we will solve the first three subparts…

Q: What does it mean that FIFO has a balance-sheet focus and LIFO has an income-statement focus?

A:

Q: You find capital in the same side of the balance sheet as liabilites because of ______________.…

A: From the business point of view, capital is also considered as a liability towards the owner…

Q: Based on what you do, how will you describe statement of comprehensive income?

A: "Since you have asked multiple questions, we will solve first question for you. If you want any…

Q: REQUIRED: - Statement of Income - Statement of Financial Position

A: Financial statements are those statements which are prepared at the end of the period for the review…

Q: Accounting income represents the facts of current and potential value.13 True False

A: Accounting is the process of recording all the transactions of financial nature in the books of…

Q: Which of the following is an element of a statement of comprehensive income? a. Notes Payable b.…

A: (3) The statement of comprehensive income represents the financial statement that shows the net…

Q: Net income and earnings are the same thing and are the bottom line of the income statement. True or…

A: Income statement is the summary of revenue and expenses of the company for a particular period. The…

Q: Required: Compute the following a. Contributed capital b. Legal capital c. Total shareholders'…

A: Share holders' Equity: It is the statement that provides the movement of the owner's balance from…

Q: (a) Determine the cost of equity

A: Cost of equity in the given problem can be computed using capital asset pricing model.

Q: Define the following and their differences : 1. statement of comprehensive income 2. statement of…

A: Statement of comprehensive income and statement of financial position are components of financial…

Q: A. Compute the return on average total assets. B. Compute the return on average ordinary…

A: Average total assets refer to the value of assets that are to be recorded at the end of the…

Q: The income statement might also be called all of the following except: Group of answer choices…

A: Income statement: The income statement determines the net income of the business by subtracting the…

Q: The base amount in preparing component percentages for a balance sheet is which of the following?…

A: The base amount in preparing component percentages for a balance sheet is the total assets or total…

Q: Required: Prepare a statement of comprehensive income (as discussed and illustrated on pages 22-23…

A: The one Statement format in which Comprehensive income is calculated using single format of…

Q: D) going concern?example  E) periodicity?example  F)Revenue recognition principle? Example…

A: The accounting principles seem to be the basic rules and procedures that businesses must adhere to…

Q: Which of the following is a Profitability Ratio a. Proprietary Ratio b. Debt-Equity Ratio c.…

A: The profitability ratio determines the ability of an entity to generate profits as a result of…

Q: Explain the concept of NORMAL BALANCE and how it works for assets, liabilities and equity.

A: Concept of NORMAL BALANCE : Generally, the most of the companies follows double entry method of book…

Q: 1. Why is there a cost associated with retained earnings? 2. What is Coleman's estimated cost of…

A: Given: The firm tax rate is 25% The current price of coleman’s is 12% The current price of firm is…

Q: 4. Which of the following is not an element of a statement of comprehensive income? a. Interest…

A: The question is multiple choice question. Required  Choose the Correct Option.

Q: Requirement: Prepare a Horizontal and Vertical Analysis for the Statement of Financial Position and…

A: Horizontal analysis shows comparison between numbers of two periods and their differences. Vertical…

Q: Under IFRS 9, the cumulative balance of equity as a result of measuring financial assets at fair…

A: The equity account represents the changes in the equity shareholders of the company. The treasury…

Q: Describe the process of determining the Cost of Equity?

A: The cost of equity is the revenue a firm needs to determine if a venture satisfies the conditions of…

Q: Which of the following is the correct Basic Accounting Equation Oa ASSET + LIABILITIES= STOCK…

A: Accounting equation depicts the relationship between liabilities, assets and stockholders' equity of…

Q: 1. A statement of comprehensive income includes Net income and Comprehensive income. True False

A: The statement of comprehensive income summarizes both standard net income and other comprehensive…

Q: SLO-3.2. Which of the following is NOT a type of owner's equity? ORent Income OWithdrawls OOwner's…

A: The owners' equity alludes to the excess of the company's assets over its obligations. It would be…

Q: On a balance sheet shareholder equity must always equal the difference between assets and…

A: The given statement is true. A balance sheet is like a snapshot of what a company is at a particular…

Q: The another interpretation of the accounting equation is Assets = Liabilities + Contributed Capital…

A: A basic acounting equation is Assets = Liabilities + Equity Equity refers not only contributed…

Q: The following table summarizes the rules of debit and credit. For each of the items A through L,…

A: Accounts are classified as: Assets accounts Liabilities accounts Owner's capital accounts Expenses…

Q: Which of the following is notan acceptable way of displaying the components of other comprehensive…

A: