Dividend revenue and interest revenue are reported in the income statement as a component of a...

Dividend revenue and interest revenue are reported in the income statement as a component of a company's net income

True or False

Expert Solution

True

Dividend revenue and interest revenue are reported in the income statement as a component of a company's net income as tax is payable on dividend revenue and interest revenue. Hence, the statement is true.

ekkarill92 answered 2 years ago

"Noncontrolling interest": is a component of the parent company's net income and reported on the income...

"Noncontrolling interest": is a component of the parent company's net income and reported on the income statement. is a component of stockholders' equity attributable to the parent company and reported on the balance sheet. is the portion of equity in a subsidiary not attributable, directly or indirectly, to the parent company, and reported on the balance sheet within equity, but separate from the parent company's equity. is not reported within the parent company's consolidated financial statements, but instead reported within...

2.Amortizing a discount on along−termbond investment willcause: A.the interest revenue reported on the income statement to...

2.Amortizing a discount on along−termbond investment willcause: A.the interest revenue reported on the income statement to equal the cash received by the investor B.the cash received by the investor to exceed the interest revenue reported on the income statement C.the interest revenue reported on the income statement to exceed the cash received by the investor D.the interest revenue reported is not related to the cash received by the investor 3.When a premium on a bond investment is amortized by the...

On the income statement of a merchandising company, interest income and interest expense are reported: Select...

On the income statement of a merchandising company, interest income and interest expense are reported: Select one: A. As part of cost of goods sold B. As separate items of other income and expense below the net operating income or loss C. By showing interest income as additional sales revenue and interest expense as an operating expense D. By offsetting interest income and interest expense and showing the excess as an operating revenue or expense

What is the difference between gain and revenue? Are they reported differently on the income statement?

Interest income is reported as dividend income on Form 1099-DIV when it comes from

Forecasting A) Dexter Company reported the following 2018 income statement Total revenue $13,256,500 Cost of revenue...

Forecasting A) Dexter Company reported the following 2018 income statement Total revenue $13,256,500 Cost of revenue 7,066,300 Gross profit 6,190,200 Selling and administrative expenses 3,758,200 Operating income 2,432,000 Interest expense 572,800 Income before income taxes 1,859,200 Income tax expense 687,905 Net income $ 1,171,295 Forecast Dexter’s income statement assuming a 5% increase in sales, a 17% effective tax rate, and a continuation of the 2018 percentage relation to net sales for expenses except for interest where the company...

Lui Company's 2010 income statement reported total sales revenue of $350,000.

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Last year, he reported interest income of $20,000 and dividend income of $6,000. The $14,000,000 includes...

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Describe how the following types of revenue are reported on the Income Statement: a...Discounts from Charges...

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1. A recent income statement of Bantom Corporation reported the following data: Sales revenue $ 8,358,000...

1. A recent income statement of Bantom Corporation reported the following data: Sales revenue $ 8,358,000 Variable costs 4,998,000 Fixed costs 3,130,000 If these data are based on the sale of 21,000 units, the contribution margin per unit would be: Multiple Choice $50. $160. $300. $370. 2. Bloomfield Stores reported sales revenues of $720,000, a total contribution margin of $200,000, and fixed costs of $325,000. If sales volume amounted to 10,000 units, the company's variable cost per unit must have...

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