SlideShare a Scribd company logo
1 of 1
Download to read offline
An inexperienced accountant for Flint Corporation showed the following in the income statement:
net income $342,000 and unrealized gain on available-for-sale securities (before taxes) $73,500.
The unrealized gain on available-for-sale securities is subject to a 25% tax rate.

More Related Content

More from abifancystore

write on this code A Sentinel List has two special n.pdf
write on this code    A Sentinel List has two special n.pdfwrite on this code    A Sentinel List has two special n.pdf
write on this code A Sentinel List has two special n.pdf
abifancystore
 
Topic Why is unemployment so high in Europe Briefly discus.pdf
Topic Why is unemployment so high in Europe Briefly discus.pdfTopic Why is unemployment so high in Europe Briefly discus.pdf
Topic Why is unemployment so high in Europe Briefly discus.pdf
abifancystore
 
Revenue Recognition for Facebook and twitter for the year 20.pdf
Revenue Recognition for Facebook and twitter for the year 20.pdfRevenue Recognition for Facebook and twitter for the year 20.pdf
Revenue Recognition for Facebook and twitter for the year 20.pdf
abifancystore
 
Phoenix Partners devlet ve kurumsal mterilere ynetim danm.pdf
Phoenix Partners devlet ve kurumsal mterilere ynetim danm.pdfPhoenix Partners devlet ve kurumsal mterilere ynetim danm.pdf
Phoenix Partners devlet ve kurumsal mterilere ynetim danm.pdf
abifancystore
 

More from abifancystore (20)

In the 1300s Europe was in the midst of decline and turmoil.pdf
In the 1300s Europe was in the midst of decline and turmoil.pdfIn the 1300s Europe was in the midst of decline and turmoil.pdf
In the 1300s Europe was in the midst of decline and turmoil.pdf
 
write on this code A Sentinel List has two special n.pdf
write on this code    A Sentinel List has two special n.pdfwrite on this code    A Sentinel List has two special n.pdf
write on this code A Sentinel List has two special n.pdf
 
Topic Why is unemployment so high in Europe Briefly discus.pdf
Topic Why is unemployment so high in Europe Briefly discus.pdfTopic Why is unemployment so high in Europe Briefly discus.pdf
Topic Why is unemployment so high in Europe Briefly discus.pdf
 
Can someone give simple answers to these two questions Than.pdf
Can someone give simple answers to these two questions Than.pdfCan someone give simple answers to these two questions Than.pdf
Can someone give simple answers to these two questions Than.pdf
 
The trial balance for Best Advisors Service on December 31 .pdf
The trial balance for Best Advisors Service on December 31 .pdfThe trial balance for Best Advisors Service on December 31 .pdf
The trial balance for Best Advisors Service on December 31 .pdf
 
Calculate the dominant allele D frequency for this populat.pdf
Calculate the dominant allele D frequency for this populat.pdfCalculate the dominant allele D frequency for this populat.pdf
Calculate the dominant allele D frequency for this populat.pdf
 
the probabiilty of obtaining a success Round your answer to.pdf
the probabiilty of obtaining a success Round your answer to.pdfthe probabiilty of obtaining a success Round your answer to.pdf
the probabiilty of obtaining a success Round your answer to.pdf
 
Suppose that you are given a decision situation with three p.pdf
Suppose that you are given a decision situation with three p.pdfSuppose that you are given a decision situation with three p.pdf
Suppose that you are given a decision situation with three p.pdf
 
Sicklecell anemia is a recessive trait in humans In order .pdf
Sicklecell anemia is a recessive trait in humans In order .pdfSicklecell anemia is a recessive trait in humans In order .pdf
Sicklecell anemia is a recessive trait in humans In order .pdf
 
Revenue Recognition for Facebook and twitter for the year 20.pdf
Revenue Recognition for Facebook and twitter for the year 20.pdfRevenue Recognition for Facebook and twitter for the year 20.pdf
Revenue Recognition for Facebook and twitter for the year 20.pdf
 
begintabularlcc hline multicolumn1c Contribut.pdf
begintabularlcc hline multicolumn1c Contribut.pdfbegintabularlcc hline multicolumn1c Contribut.pdf
begintabularlcc hline multicolumn1c Contribut.pdf
 
Question 26 1 pts Which of the following is NOT true of all .pdf
Question 26 1 pts Which of the following is NOT true of all .pdfQuestion 26 1 pts Which of the following is NOT true of all .pdf
Question 26 1 pts Which of the following is NOT true of all .pdf
 
Question 04 Find the mean median and mode of the followin.pdf
Question 04 Find the mean median and mode of the followin.pdfQuestion 04 Find the mean median and mode of the followin.pdf
Question 04 Find the mean median and mode of the followin.pdf
 
Although of only minor economic importance when compared wit.pdf
Although of only minor economic importance when compared wit.pdfAlthough of only minor economic importance when compared wit.pdf
Although of only minor economic importance when compared wit.pdf
 
IFind Nash.pdf
IFind Nash.pdfIFind Nash.pdf
IFind Nash.pdf
 
Phoenix Partners devlet ve kurumsal mterilere ynetim danm.pdf
Phoenix Partners devlet ve kurumsal mterilere ynetim danm.pdfPhoenix Partners devlet ve kurumsal mterilere ynetim danm.pdf
Phoenix Partners devlet ve kurumsal mterilere ynetim danm.pdf
 
According to the Leadership Grid a manager who exhibits imp.pdf
According to the Leadership Grid a manager who exhibits imp.pdfAccording to the Leadership Grid a manager who exhibits imp.pdf
According to the Leadership Grid a manager who exhibits imp.pdf
 
Muhtemelen hiperglisemi hcresel dehidrasyonu tevik eder .pdf
Muhtemelen hiperglisemi hcresel dehidrasyonu tevik eder .pdfMuhtemelen hiperglisemi hcresel dehidrasyonu tevik eder .pdf
Muhtemelen hiperglisemi hcresel dehidrasyonu tevik eder .pdf
 
liderlik hizmet baars iin zellikle ok nemli deildir do.pdf
liderlik hizmet baars iin zellikle ok nemli deildir do.pdfliderlik hizmet baars iin zellikle ok nemli deildir do.pdf
liderlik hizmet baars iin zellikle ok nemli deildir do.pdf
 
Hi I have been given the Introduction to Statistical Learni.pdf
Hi I have been given the Introduction to Statistical Learni.pdfHi I have been given the Introduction to Statistical Learni.pdf
Hi I have been given the Introduction to Statistical Learni.pdf
 

Recently uploaded

Recently uploaded (20)

Graduate Outcomes Presentation Slides - English
Graduate Outcomes Presentation Slides - EnglishGraduate Outcomes Presentation Slides - English
Graduate Outcomes Presentation Slides - English
 
ICT role in 21st century education and it's challenges.
ICT role in 21st century education and it's challenges.ICT role in 21st century education and it's challenges.
ICT role in 21st century education and it's challenges.
 
Google Gemini An AI Revolution in Education.pptx
Google Gemini An AI Revolution in Education.pptxGoogle Gemini An AI Revolution in Education.pptx
Google Gemini An AI Revolution in Education.pptx
 
HMCS Max Bernays Pre-Deployment Brief (May 2024).pptx
HMCS Max Bernays Pre-Deployment Brief (May 2024).pptxHMCS Max Bernays Pre-Deployment Brief (May 2024).pptx
HMCS Max Bernays Pre-Deployment Brief (May 2024).pptx
 
80 ĐỀ THI THỬ TUYỂN SINH TIẾNG ANH VÀO 10 SỞ GD – ĐT THÀNH PHỐ HỒ CHÍ MINH NĂ...
80 ĐỀ THI THỬ TUYỂN SINH TIẾNG ANH VÀO 10 SỞ GD – ĐT THÀNH PHỐ HỒ CHÍ MINH NĂ...80 ĐỀ THI THỬ TUYỂN SINH TIẾNG ANH VÀO 10 SỞ GD – ĐT THÀNH PHỐ HỒ CHÍ MINH NĂ...
80 ĐỀ THI THỬ TUYỂN SINH TIẾNG ANH VÀO 10 SỞ GD – ĐT THÀNH PHỐ HỒ CHÍ MINH NĂ...
 
How to Create and Manage Wizard in Odoo 17
How to Create and Manage Wizard in Odoo 17How to Create and Manage Wizard in Odoo 17
How to Create and Manage Wizard in Odoo 17
 
On National Teacher Day, meet the 2024-25 Kenan Fellows
On National Teacher Day, meet the 2024-25 Kenan FellowsOn National Teacher Day, meet the 2024-25 Kenan Fellows
On National Teacher Day, meet the 2024-25 Kenan Fellows
 
Sensory_Experience_and_Emotional_Resonance_in_Gabriel_Okaras_The_Piano_and_Th...
Sensory_Experience_and_Emotional_Resonance_in_Gabriel_Okaras_The_Piano_and_Th...Sensory_Experience_and_Emotional_Resonance_in_Gabriel_Okaras_The_Piano_and_Th...
Sensory_Experience_and_Emotional_Resonance_in_Gabriel_Okaras_The_Piano_and_Th...
 
REMIFENTANIL: An Ultra short acting opioid.pptx
REMIFENTANIL: An Ultra short acting opioid.pptxREMIFENTANIL: An Ultra short acting opioid.pptx
REMIFENTANIL: An Ultra short acting opioid.pptx
 
How to Give a Domain for a Field in Odoo 17
How to Give a Domain for a Field in Odoo 17How to Give a Domain for a Field in Odoo 17
How to Give a Domain for a Field in Odoo 17
 
Wellbeing inclusion and digital dystopias.pptx
Wellbeing inclusion and digital dystopias.pptxWellbeing inclusion and digital dystopias.pptx
Wellbeing inclusion and digital dystopias.pptx
 
How to setup Pycharm environment for Odoo 17.pptx
How to setup Pycharm environment for Odoo 17.pptxHow to setup Pycharm environment for Odoo 17.pptx
How to setup Pycharm environment for Odoo 17.pptx
 
Beyond_Borders_Understanding_Anime_and_Manga_Fandom_A_Comprehensive_Audience_...
Beyond_Borders_Understanding_Anime_and_Manga_Fandom_A_Comprehensive_Audience_...Beyond_Borders_Understanding_Anime_and_Manga_Fandom_A_Comprehensive_Audience_...
Beyond_Borders_Understanding_Anime_and_Manga_Fandom_A_Comprehensive_Audience_...
 
Single or Multiple melodic lines structure
Single or Multiple melodic lines structureSingle or Multiple melodic lines structure
Single or Multiple melodic lines structure
 
Kodo Millet PPT made by Ghanshyam bairwa college of Agriculture kumher bhara...
Kodo Millet  PPT made by Ghanshyam bairwa college of Agriculture kumher bhara...Kodo Millet  PPT made by Ghanshyam bairwa college of Agriculture kumher bhara...
Kodo Millet PPT made by Ghanshyam bairwa college of Agriculture kumher bhara...
 
NO1 Top Black Magic Specialist In Lahore Black magic In Pakistan Kala Ilam Ex...
NO1 Top Black Magic Specialist In Lahore Black magic In Pakistan Kala Ilam Ex...NO1 Top Black Magic Specialist In Lahore Black magic In Pakistan Kala Ilam Ex...
NO1 Top Black Magic Specialist In Lahore Black magic In Pakistan Kala Ilam Ex...
 
Jamworks pilot and AI at Jisc (20/03/2024)
Jamworks pilot and AI at Jisc (20/03/2024)Jamworks pilot and AI at Jisc (20/03/2024)
Jamworks pilot and AI at Jisc (20/03/2024)
 
General Principles of Intellectual Property: Concepts of Intellectual Proper...
General Principles of Intellectual Property: Concepts of Intellectual  Proper...General Principles of Intellectual Property: Concepts of Intellectual  Proper...
General Principles of Intellectual Property: Concepts of Intellectual Proper...
 
Micro-Scholarship, What it is, How can it help me.pdf
Micro-Scholarship, What it is, How can it help me.pdfMicro-Scholarship, What it is, How can it help me.pdf
Micro-Scholarship, What it is, How can it help me.pdf
 
TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...
TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...
TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...
 

An inexperienced accountant for Flint Corporation showed the.pdf

  • 1. An inexperienced accountant for Flint Corporation showed the following in the income statement: net income $342,000 and unrealized gain on available-for-sale securities (before taxes) $73,500. The unrealized gain on available-for-sale securities is subject to a 25% tax rate.