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coopyishome
16.07.2019 •
Business
Acompany failed to record unrealized gains of $26 million on its debt investments classified as trading securities. its tax rate is 35%. as a result of this error, total shareholders' equity would be (round million answer to 2 decimal places.):
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Ответ:
Total shareholders' equity = $16.90 million
Explanation:
Unrealized gains or losses of trading securities investment will be recorded in retained earnings.
Unrealized gains (net of taxes) will increase the balance of retained earnings, which is a part of shareholders' equity. If unrealized gains are not recorded then the retained earnings is understated.
= $26 million - 35% of $26 million
= $26 million - $9.10 million
= $16.90 million
Ответ:
The Importance of Statistics. ... Statistical knowledge helps you use the proper methods to collect the data, employ the correct analyses, and effectively present the results. Statistics is a crucial process behind how we make discoveries in science, make decisions based on data, and make predictions.
Explanation: