Teton, Inc., reported a net gain of $41,400 on its foreign assets due to the weakening of the U. S. dollar in 2017. In the same year, the company disclosed gains of $958,800 on its derivatives and hedges and a $112,800 unrealized gain on its trading securities. The company also reported a $556,200 loss on the sale of some equipment. Which of the following best describes the impact of these transactions on Teton, Inc.'s accounts? A. $1,113,000 increase to net income B. $1,000,200 increase to accumulated other comprehensive income C. $1,000,200 increase to net income D. $ 154,200 increase to accumulated other comprehensive income E. None of the above
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Teton, Inc., reported a net gain of $41,400 on its foreign assets due to the weakening of the U. S. dollar in 2017. In the same year, the ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Mega Skateboard Supplier had net sales of $2.4 million, its cost of goods sold was $1.3 million, and its net income was $.8 million. Its gross margin ratio equals:
Answers (1)
Legislation that offers immediate and easily recognized benefits, at the expense of costs that are observable only in the distant future, is often enacted, even when economic inefficiency results. In economics this is referred to as the a.
Answers (1)
Suspendus Company has the following financial data for the year ended December 31, 2021: net sales $1,680,000, operating expenses $880,000, net income $104,000, stockholders' equity $800,000, and assets $1,901,000.
Answers (1)
MRC Company reports the following information for 2018: total assets of $65,000 and total cash provided from operations of $20,000; For 2017: total assets of $75,000 and cash provided from operations of $5,000.
Answers (1)
According to the article, which economic event sparked the decade-long economic crisis? the Nixon administration's wage and price "freeze" the Carter administration's refusal to support Israel a sudden increase in oil prices in 1973 the end of the
Answers (2)
New Questions in Business
Rich, Inc. acquired 30% of Doane Corporation's voting stock on January 1, 2018 for $1,000,000. During 2018, Doane earned $400,000 and paid dividends of $250,000.
Answers (1)
Suppose a firm in each of the two markets listed below were to increase its price by 25 percent. In which pair would the firm in the first market listed experience a dramatic decline in sales, but the firm in the second market listed would not? A.
Answers (1)
The right of ___ is when businesses can compete against each to sell their goods and services to buyers. private property competition freedom of choice demand
Answers (1)
Which of the following is a claim against sporting goods giants such as Adidas, Puma, and Nike and the conditions in their international manufacturing plants?
Answers (1)
A put writer would be "covered" by: (A) A long call (B) Another short put (C) Cash equal to the strike price multiplied by 100 shares (D) An escrow receipt for 100 shares of the underlying stock
Answers (1)