A stakeholder-performance scorecard tracks the satisfaction with the company and its products and services among such entities as suppliers, banks, and stockholders

The global integration of capital markets is a major force leading to the convergence of accounting standards

Indicate whether the statement is true or false

KidCo bought forward contracts on 20,000 bushels of corn at $1.65 per bushel. Corporate tax rates are 35.00%. Revenue is $100,000 and other costs are $60,000. Spot prices on corn are $1.75 per bushel. Calculate the after-tax net income

A) $7,000 loss B) $7,000 gain C) $4,550 loss D) $4,550 gain