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What is unrealised exchange gain or loss?
other comprehensive income
What is fair value through Other Comprehensive Income?
Fair value through Other Comprehensive Income (FVOCI) refers to a classification for financial assets under IFRS 9, which allows certain equity instruments and debt instruments to be measured at fair value, with changes in value recognized in other comprehensive income rather than profit or loss. This approach is typically used for investments that a company intends to hold for the long term, where fluctuations in market value may not reflect the asset’s fundamental performance. Upon disposal of the asset, any accumulated gains or losses in OCI are reclassified to profit or loss. This classification helps to provide a clearer picture of a company's financial performance without the volatility associated with recognizing fair value changes directly in profit or loss.
What type of account is unrealized gain or loss?
Unrealized gains and losses are typically recorded in a company's equity section under "accumulated other comprehensive income" (OCI) if they pertain to investments classified as available-for-sale securities. For trading securities, they are reflected in the income statement. These accounts represent fluctuations in the value of investments that have not yet been sold, thus not yet realized as actual profit or loss.
What is the journal entry when you have not fully depreciated as asset that no longer exists?
Debit accumulated depreciationdebit loss on disposalCredit fixed asset
Significant changes in stockholder's equity are reported in what?
Significant changes in stockholders' equity are reported in the statement of stockholders' equity. This statement details the movements in equity components such as common stock, preferred stock, additional paid-in capital, retained earnings, and accumulated other comprehensive income over a specific period. It provides transparency regarding how equity is affected by transactions like issuing new shares, repurchases, dividends, and net income or loss.
What is a comprehensive car insurance loss type?
Comprehensive loss is any damage done to the vehicle other than collision.
What is unrealised exchange gain or loss?
other comprehensive income
Is it a collision or comprehensive loss if your garage door falls on your vehicle?
Comprehensive.
What type of account is unrealized gain or loss?
Unrealized gains and losses are typically recorded in a company's equity section under "accumulated other comprehensive income" (OCI) if they pertain to investments classified as available-for-sale securities. For trading securities, they are reflected in the income statement. These accounts represent fluctuations in the value of investments that have not yet been sold, thus not yet realized as actual profit or loss.
You discarded a display case that had 7200 of accumulated depreciation which was 8000 at original purchase what gain or loss are involved?
loss of $800
Comprehensive physical damage coverage pays for which kind of financial loss?
Comprehensive pays for loss or damage to your own vehicle due to theft, fire, and hail.
Would rim damage be covered under auto insurance?
Only if it were damaged in a 'covered loss.' A covered loss would be a collision or other loss that would be covered under comprehensive (such as vandalism). You would need those coverages on your policy.
What does accumulated deficit mean under stockholder equity on a balance sheet?
== == accumulated deficit is the net loss which is carried everyyear from p&l to balance sheet under stock holder equity. the net loss carried everyyear collectively is known as accumulated deficit == == http://www.investopedia.com/terms/s/shareholdersequity.asp
Where do you post unrealized gains and losses in Income Statement?
After you've worked out profit for the year create a new line called "Other Comprehensive Income". Under this put your "Gain/Loss on revaluation" or "Gain/Loss on available for sale investments". Then add on to/take it off your profit for the year to give you "Total Comprehensive Income For The Year".
How do you account for equipment stolen from business?
Loss by theft will be charged to profit and loss account for that specific fiscal year with the remaining amount after accumulated depreciation till that time period.
What is comprehensive loss?
Comprehensive loss refers to the total change in equity of a company during a specific period, including both net income and other comprehensive income (OCI). While net income reflects the company’s profitability from its core operations, OCI includes items such as unrealized gains or losses on investments, foreign currency translation adjustments, and pension plan adjustments. Together, these components provide a broader view of a company's financial performance and overall economic health. Comprehensive loss is crucial for understanding the total impact of various factors on a company's equity beyond just its operational results.
What is the journal entry when you have not fully depreciated as asset that no longer exists?
Debit accumulated depreciationdebit loss on disposalCredit fixed asset
