Homework Answers
| 1 | ||
| Amount borrowed | 333333 | |
| Divide by PV factor (n=16,i=3%) | 12.561102 | =(1-(1.03)^-16)/0.03 |
| Amount of each payment | 26537 | |
| Option D $26,537 is correct |
2
|
No, net income is a component of comprehensive income.
Comprehensive income is the change in a company’s equity during a
period, resulting from transactions and other events and circumstances from non-owner sources. Comprehensive income includes net income and other comprehensive income. |
| Other comprehensive income includes gains/losses not realized. |
| Option B is correct |
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Balance Sheet for Alphabet (Google) to answer the following
questions.
1. How much is the change in equity from non-owner sources for
the most current year? Show the amount and the name of the line
item.
2. How much are the outflows, using up of asset, or incurrence
of liabilities for the most current period? Show the amount and the
name of the line item.
3. How much is income from...
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