A company reports the following information as of December 31st:
Sales revenue $ 350,000
Cost of goods sold $ 150,000
Operating expenses $ 110,000
Foreign currency translation gain $ 25,000
1. Ignoring income taxes, what amount should the company report as net income as of December 31st?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “A company reports the following information as of December 31st: Sales revenue $ 350,000 Cost of goods sold $ 150,000 Operating expenses $ ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Ivanhoe Publications publishes a golf magazine for women. The magazine sells for $4 a copy on the newsstand. Yearly subscriptions to the magazine cost $45 per year (12 issues).
Answers (1)
The following accounts and balances are taken from Moore Company's adjusted trial balance: Accounts Payable $8,000 Accounts Receivable 3,400 Accumulated Depreciation 1,400 Depreciation Expense 1,800 Dividends 2,800 Insurance Expense 2,300 Interest
Answers (1)
University researchers create a positive externality because what they discover in their research labs can easily be learned by others who haven't contributed to the researchers costs.
Answers (1)
During the year, TRC Corporation has the following inventory transactions. Date Transaction Number of Units Unit Cost Total Cost Jan. 1 Beginning inventory 53 $ 45 $ 2,385 Apr. 7 Purchase 133 47 6,251 Jul. 16 Purchase 203 50 10,150 Oct.
Answers (1)
Do you agree with the standard measure of GDP for non-profit organizations (i. e., to include a replacement cost value of volunteer work) ? Explain.
Answers (2)
New Questions in Business
What opportunities did the rise of corporations offer to different types of ""middle workers"" - those who were neither top executives nor blue-collar laborers?
Answers (1)
Turk Manufacturing is considering purchasing two machines. Each machine costs $9,000 and will produce cash flows as follows: End of Year Machine A Machine B 1 $ 5,000 $ 1,000 2 4,000 2,000 3 2,000 11,000 Turk Manufacturing uses the net present value
Answers (1)
How is a post from a social media influencer different than a comment from a regular consumer
Answers (2)
An insurance policy written after 1988 that fails to pass the seven-pay test is known as
Answers (1)
Stewart Parnell, the former CEO of the now-bankrupt Peanut Corporation of America, was charged with falsifying food safety reports required by the FDA. The reports certified that his peanut base product was salmonella free.
Answers (1)