ACC 309 Milestone One.docx - ACC 309 Milestone One 1 ACC...

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ACC 309 Milestone One1ACC 309 Milestone One: Peyton ApprovedYaridis RodriguezSouthern New Hampshire UniversityMarch 22, 2020
ACC 309 Milestone One2Milestone One: Peyton ApprovedPeyton Approved has developed tremendous growth in the past three years, they are nowwell-known for their bakery chain for pet products. They have introduced delivery to severalregional locations and have become a publicly traded company. Below is a financial briefdiscussing the impacts on stockholder equity and impacts based on changes to tax structure.Comprehensive Income and Other Comprehensive IncomeComprehensive income is the change in equity of a company during a period, from theincome statement to other comprehensive income. Different types of equity changes aretransactions, other events, and circumstances relating to nonowner sources; includes all changesin equity during a period except those resulting from investments by owners and distributions toowners. While other comprehensive income is income items that the FASB has designated to berecognized in AOCI until they are realized, at which time they are recognized in net income.(Wahlen, 2017) Sources of other comprehensive that are not included in the net income would berealized gains/losses from investments, pension funds, or foreign transactions. Peyton Approvedhas other comprehensive incomes such as pension expense and market securities. Thecomprehensive income shows change in the company’s equity versus net income. Available forsale marketable securities, should be listed on the company’s comprehensive income asunrealized loss. The Marketable Securities is listed at $5,500,000 on the balance sheet, however

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