Acc-309 Milestone 1: Management Brief ACC-309 Milestone 1: Management Brief Daniel M Schoenly Southern New Hampshire University 1
Acc-309 Milestone 1: Management Brief Comprehensive Income: Peyton approved has comprehensive income that has adjustments that have not been realized for the period. Since the company has some marketable securities listed on the balance sheet at a cost of $5,500,000 that is listed available for sale, and the listed market value as of this date is $5,235,000 we can calculate the company to have an unrealized loss on its marketable securities in the amount of $265,000. This gain/loss based off the market value needs to be listed as comprehensive income which is not included In Peyton approved net income. Shareholders Equity: Peyton approved’s shareholders equity is the capital that has been directly invested in the company by its owner plus any of its retained earnings. The company uses the return on equity to calculate the company’s profit as the percentage of total equity.
- Fall '15
- Accounting, Peyton