Maurice Tutor

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About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 402 Weeks Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 05 Aug 2017 My Price 6.00

Richards Inc

On January 1, 2012, Richards Inc. had cash and common stock of $64,330. At that date the company had no other asset, liability or equity balances. On January 2, 2012, it purchased for cash $23,010 of equity securities that it classified as available-for-sale. It received cash dividends of $4,800 net of tax during the year on these securities. In addition, it has an unrealized holding gain on these securities of $6,240 net of tax. Determine the following amounts for 2012: (a) net income; (b) comprehensive income; (c) other comprehensive income; and (d) accumulated other comprehensive income (end of 2012).

 

(a) Net income $

 

 

(b) Comprehensive income $

 

 

(c) Other comprehensive income $

 

 

(d) Accumulated other comprehensive income $

 

Answers

Maurice Tutor
(5)
Status NEW Posted 05 Aug 2017 10:08 PM My Price 6.00

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