Consider the following two separate events for a company during the year:
1. Gain on sal...
Business, 02.03.2020 19:21 Isaiahtate053
Consider the following two separate events for a company during the year:
1. Gain on sale of investments = $10.
2. Unrealized gain on investment from increase in fair value = $20.
The company reports the unrealized gain as a component of other comprehensive income. By how much would these two events increase net income and comprehensive income, ignoring tax effects?
A.) Net income = $10; Comprehensive income = $20.
B.) Net income = $10; Comprehensive income = $30.
C.) Net income = $30; Comprehensive income = $30.
D.) Net income = $30; Comprehensive income = $20.
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Kirnon clinic uses client-visits as its measure of activity. during july, the clinic budgeted for 3,250 client-visits, but its actual level of activity was 3,160 client-visits. the clinic has provided the following data concerning the formulas to be used in its budgeting: fixed element per month variable element per client-visitrevenue - $ 39.10personnel expenses $ 35,100 $ 10.30medical supplies 1,100 7.10occupancy expenses 8,100 1.10administrative expenses 5,100 0.20total expenses $ 49,400 $ 18.70the activity variance for net operating income in july would be closest to:
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