Comprehensive income would be? A COMPANY FAILED TO RECORD UNREALIZEDGAINS OF $25 MILLION ON ITS AVAILABLE-FOR-SALE SECURITY INVESTMENTS. ITS TAX RATE IS40%. As A RESULT OF THIS ERROR,COMPREHENSIVE INCOME WOULD BE (ROUNDMILLION ANSWER TO 2 DECIMAL PLACES.):A. UNDERSTATED BY $25.00 MILLION.B. UNAFFECTED.C. UNDERSTATED BY $10.00 MILLION.D. UNDERSTATED BY $15.00 MILLION.

Explanation of Unrealized Gains: Unrealized gains represent the increase in value of an investment…

Answered: A COMPANY FAILED TO RECORD UNREALIZED…

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter6: Accounting For Financial Management

Section: Chapter Questions

Problem 3P

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Answer? ? General Accounting
A company failed to record unrealized gains of $28 million on its available for sale debt security investments. Its tax rate is 25%. As a result of this error, comprehensive income would be:
I need this question general accounting
Bramble Inc. has an investment in available-for-sale securities of $ 68000. This investment experienced an unrealized loss of $ 5800 during the current year. Assuming a 30% tax rate, the effect of this loss on comprehensive income will be a.no effect. b. $ 20400 decrease. c. $ 68000 increase. d. $ 4060 decrease.
Financial accounting question
1
1. Given the following information, compute for the net profit after taxes: GROSS SALES: Php 600,480 COSTS OF GOODS SOLD: Php 374,789 TOTAL OPERATING EXPENSES: Php 132,916 TOTAL TAXES: Php 17,113 2. Company X has investments of Php 3,000,000 and net income after taxes of Php 1,250,000 a year. How many years will it take for the company to recover the investment? 3. Company A incurred a loss of Php 3,000. If its revenue is Php 19,500, how much is its total expenses? 4. A1 Company's net profit after taxes is Php 94,000. If Return on Assets is 40%, what are the total assets? 5. A compnay's net profit after taxes is Php 94,000. If sales are Php 376,000, what is the Return of Sales?
a. Fill in the missing numbers in the following income statement: Note: Do not round intermediate calculations and round your answers to the nearest whole number, e.g. 32. Sales Costs Depreciation EBIT Taxes (21%) Net income $ 544,300 349,300 97,300 b. What is the OCF? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g. 32. b. OCF c. Depreciation tax shield c. What is the depreciation tax shield? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g. 32.
At the end of the current year, a company overstáted prepaid insurance by $62,000 and understated supplies expense by $108,000. Its effective tax rate is 20%. As a result of this error, net income is: Multiple Choice Understated by $36,800. Overstated by $36,800. Overstated by $136,000. Understated bý $136,000.
Bryon Brooks Inc. recently reported 15 million of net income. Its EBIT was 20.8 million, and its tax rate was 25%. What was its intrest expense?(Hint: Write out the headings for an income statement, and fill in the known values. Then divide 15 million of net income by (1-T)= 0.75 to find the pretax income. The difference between EBIT and taxable income must be intrest expense.
Suppose a company has the following financials (in £millions) and no other non-operating income or expense: Net financial expense after tax = 8 Net interest expense = 12.6 Reported tax (on standard income statement) = 1220.4 Operating profit = 4,741 What is the company's net operating profit after tax (NOPAT)? (in £millions) Select one: a. 1,635 b. 3,516 c. None of the others d. 5,163
a. Fill in the missing numbers in the following income statement: Note: Do not round intermediate calculations and round your answers to the nearest whole number, e.g. 32. Sales Costs Depreciation EBIT Taxes (25%) Net income $ b. OCF c. Depreciation tax shield 643,700 384,300 136,500 b. What is the OCF? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g. 32. c. What is the depreciation tax shield? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g. 32.

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