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WHAT IS other income?

Income from activities that are not undertaken in the ordinary course of company's business. harvey()


What are five other taxes providing government revenue besides income taxes?

tips salary income deductions


What are Exempt income under income from other sources?

Exempt interest and exempt dividends from qualified municipal bonds.


What is another word for Gross income?

Another word for gross income is taxable income. This is the income before taxes are taking out.


What does other comprehensive income include?

Other Comprehensive Income (OCI) includes revenues, expenses, gains, and losses that are not reported on the income statement, but are instead reported as a separate component of shareholders' equity on the balance sheet. OCI typically includes: Foreign currency translation adjustments: Gains or losses from translating foreign currency financial statements into the reporting currency. Unrealized gains or losses on available-for-sale securities: Changes in the market value of investments that are not yet sold. Unrealized gains or losses on cash flow hedges: Changes in the value of derivatives used to hedge future cash flows. Changes in pension and other post-retirement benefit plan assets and liabilities: Adjustments to the value of pension and other benefit plans. Changes in accumulated other comprehensive income for pension and other post-retirement benefit plans: Adjustments to the accumulated OCI for pension and other benefit plans. OCI provides a more comprehensive picture of a company's financial performance and position, as it includes items that may not be reflected in net income but still affect shareholders' equity.

Related Questions

Can a spouse be required to co-sign under the Equal Credit Opportunity Act?

It depends on some other factors such as whether your credit record and income are strong enough to not require a co-signer.It depends on some other factors such as whether your credit record and income are strong enough to not require a co-signer.It depends on some other factors such as whether your credit record and income are strong enough to not require a co-signer.It depends on some other factors such as whether your credit record and income are strong enough to not require a co-signer.


How do you record a journal entry for money recevied from legal judgment?

Debit cashCredit other income


Are income tax returns open record?

They are not public record.


How do you find out what your annual income is?

Keep record of each payday, then add all other bonuses, etc and total the numbers.


Do you have to record rent revenues on income statements?

Yes, you need to record it as part of your IS.


Why should you track and record you spending and income?

We can do it


What is the journal entry to record accrued interest income?

debit interest receivablecredit interest income


What are the accounting journal entries to record income tax payments?

debit income tax paidcredit cash


How you can manage a record of personal finances?

Construct an Income Statement.


How do record accrural of federal unemployment TAX?

Debit: Income tax expense Credit: Income tax payable


What does mean other operation income?

The Income which is earned except from own profession or vocational income or those income earned indirectly from other source, is called other operation Income .


What is a financial record?

It is a record of the expenses and income that comes with running a farm. Rent, veterinary bills, machinery repair costs, grain/livestock sales, equipment depreciation, income taxes, labour costs, etc., are all that are recorded in a farm financial record.