What items are included in Accumulated Other Comprehensive Income (Loss)?

Q: The following are deductions from items of income, except: *   Cost of sales or service Regular…

A: 1) Cost of sales or service refers to the direct cost of producing the goods sold by a company. It…

Q: What does comprehensive income provides?

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

Q: What is comprehensive income, and what does it include?

A:

Q: What are the two ways that other comprehensive income may be displayed (reported)?

A: Income:   It refers to the earnings of the organization from their business activity for a period of…

Q: In what situation will the unrealized holding gain or losson inventory be reported in income?

A:

Q: How do I determine net income

A: Net Income/Loss earned during a particular period is computed by drawing the statement of Income for…

Q: WHAT IS THE TOTAL COMPREHENSIVE INCOME

A: Incomes routed through profit and loss are shown pretax and at the end the income tax is reduced…

Q: What are the four types of gains and losses not included in income statements in comprehensive…

A:

Q: Determine the net income (loss) for the period.

A: Adjusted trial balance:  Adjusted trial balance is summary documents from all the ledger balances…

Q: Explain the components of non operating income.

A: Non Operating Income is that part of an organisation's income that is obtained from activities not…

Q: How much gain or loss will Bill recognize on the distribution? What is Bill's basis in the inventory…

A: The calculation of gain or loss on distribution and basis in inventory and capital asset is shown…

Q: How much income should be declared by Junnel?

A: When creditor foregoes part/full claim and the creditor also pays cash, then these 2 are considered…

Q: What are the Return on Total Assets?

A: Return on total assets: Return on total assets (ROTA) is a ratio that calculates a corporation's…

Q: How can the Gains and Losses on Depreciable Assets be determined?

A: For calculation of gains or losses on depreciable assets, written down value of the assets at the…

Q: what are contrast economic concepts of income from reported income?

A: As per the income statement, the reported income refers to the income left after subtracting the…

Q: Loss on fire is included in the computation of net income.

A: Net Income: Gross revenue less cost of goods sold, selling, general and administrative expenditures,…

Q: What is the relationship between Income Measurement and Asset Valua

A: Profit or loss calculation is a simplified method of calculating income. An accountant defines…

Q: In accordance with U.S. generally accepted accounting principles, which translation combination is…

A: If the U.S dollar is the functional currency of the subsidiary company then the temporal method as…

Q: What is the relationship between depreciation and net income?

A: Depreciation is the part of cost of a asset which is charged to income statement yearly as a expense…

Q: What is the net income What is the total comprehensive income/loss?

A: Comprehensive Income has all increases in equity over a lifetime, with the exception of those…

Q: Which of the following is not a component of other comprehensive income under GAAP? earnings gains…

A: Other comprehensive income means those items of revenues and expenses that are not part of Profit…

Q: allocation of income or loss to have economic effect

A: Income or loss is the net result of operational activities of a business conducted during a…

Q: Which of the following is not included under other income? a. Rent received b. Commission received…

A: OTHER INCOME: IT IS THE INCOME THAT DOES NOT COME FROM THE FIRMS MAIN BUSINESS.

Q: What is referred by unearned income? How is it adjusted in the final accounts?

A: Unearned income:Unearned income is known as deferred income or deferred revenue. It is the money…

Q: Expenses, losses, and distributions to owners are alldecreases in net assets. What are the…

A: Expenses: Expenses are costs incurred for the operations of a business. The costs incurred for…

Q: How much is the amount reported as Cther Income?

A: Other income is the income which a business or a company has earned during  the year which has come…

Q: What is the return on total assets given the figures attached?

A: Return on total assets is the comparison of operational income with that of the total assets. It…

Q: Revenues, gains, and investments by owners are allincreases in net assets. What are the distinctions…

A: All revenues, gains, and investments by owners increases the net assets of the business.

Q: Reversing entries maybe used in unearned income when the original collection is recorded as a.…

A: Answer When unearned revenues are recorded as liabilities then an unearned revenue account is…

Q: Definitions of Common Income and Expense Items

A: Common Income can have following definitions: Common income is the excess of revenue over costs for…

Q: What is the difference of net income and gross income?

A: The answer is provided as follows:

Q: What is the total loss on realization of noncash assets?

A: Noncash assets are assets that would not be easily converted into cash by the company.

Q: Advantages and Disadvantages of Reporting Items in Other comprehensive income instead of on the face…

A: Other Comprehensive income: OCI includes all financial items which result in changes in the…

Q: Give example of personal assets

A: An asset  is a resource owened by individual or business that provides…

Q: What are (a) pass-through expenses, (b) recoverable expenses, and (c) common area expenses? Give…

A: a) Pass through expense: This is an expense which the customer pays directly to a third party or…

Q: Why do gains and losses go below "operating income" on the income statement?

A: The gains and losses are incurred by the company by performing the activities other than the…

Q: Which of the following is not an acceptable way of displaying the components of other comprehensive…

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

Q: describe other comprehensive income, and identify major types of items included in it.

A: Income statement: It refers to a financial statement that presents all the income earned by the…

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

A:

Q: Define extraordinary items. How are extraordinaryitems distinguished from items that are presented…

A: Extraordinary items are those item that are unusual and that are not expected by the management of…

Q: Please answer clearly and thoroughly1) On the RE Statement it shows the Net Income, if there is a…

A: Step1: Statement of retained earnings. We have,Statement of retained earnings show the beginning…

Q: Describe the Accumulated other comprehensive income.

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

Q: Comprehensive income is defined as plus other * .comprehensive income Gains And Losses Net Income…

A: Income means the amount earned by an entity after deducting the expenses.