A company reports the following information as of December 31:

Question

Sales revenue $800,000

Cost of goods sold 600,000

Operating expenses 90,000

Unrealized holding gain on available-for-sale securities, net of tax30,000 What amount should the company report as comprehensive income as of December31?

A. $30,000

B. $110,000

C. $140,000

D. $200,000

Tonny Muteesasira · Answer

The company report as comprehensive income as of December 31 Is C.

Angelo Di Pietro · Answer

the Solution to above question is C

Ernest Danquah · Answer

The answer will definatly be B $110,000

Ahmad Shamim · Answer

Correct answer is C. $ 140, 000

IFE DAVID · Answer

C, =$140,000

800-600=200

200-90=110

110+30= 140

rimsha gilani · Answer

i will go with C, The income will be 140,000

Christine Hanna Gonzales CPA CMA · Answer

C. 140,000

Sales revenue            $800,000
Cost of goods sold     -600,000
Operating expenses    -90,000
Unrealized holding gain on AFS, net of tax +30,000

Net $140,000

Gopalakrishnan Aramutham · Answer

HI I wish to go with B $140.000

Ibrahim Cheikhabdou · Answer

Unrelized gain on short term term investment is a non taxable gain unless it is relaized, however I would assume that company follows IFRS as an accounting framework, and they deferred taxes, therefore comprehensive income shall be

(800K-600K-90K+ 30K ) =140K

Saif Alawneh · Answer

B, after Subtracting costs and expenses we get 110,000$

Abdullah Ghani · Answer

The unrealised holding gain would be added to the Net Profit and hence the comprehensive income would increase to $140,000

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A company reports the following information as of December 31:

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