Examlex

Solved

Jack's by the Tracks Has the Following Partial Balance Sheet

question 32

Multiple Choice

Jack's by the Tracks has the following partial balance sheet:  JACK’S BY THE TRACKS  Balance Sheet (partial)   Stockholders’ Equity:  Common Stock $6,000,000 Retained Earnings 2,000,000 Total Paid-in capital and retained earnings 8,000,000 Add: Unrealized gain on available-for-sale securities 800,000 Total Stockholders’ Equity: $8,800,000\begin{array}{c}\text { JACK'S BY THE TRACKS }\\\text { Balance Sheet (partial) }\\\begin{array}{lr}\text { Stockholders' Equity: }\\\text { Common Stock } & \$ 6,000,000 \\\text { Retained Earnings } & 2,000,000\\\text { Total Paid-in capital and retained earnings } & 8,000,000 \\\text { Add: Unrealized gain on available-for-sale securities } & 800,000 \\\text { Total Stockholders' Equity: }&\$8,800,000\end{array}\end{array} What effect will the unrealized gain on available-for-sale securities have on comprehensive income?


Definitions:

Lysogenic Pathway

A type of viral lifecycle where the virus integrates its genetic material into the host's genome, replicating alongside it without causing immediate lysis.

Viral DNA

Genetic material in the form of DNA that composes the genome of a virus.

Cyanobacteria

Photosynthetic, aquatic organisms that can produce oxygen during photosynthesis, part of the bacterial kingdom.

Related Questions