Gizela The Purpose and Definition of Comprehensive Income What are the 3 elements of a statement of comprehensive income for a service business? The three elements of a statement of comprehensive income for a service business are: 1) Revenue: This includes all income earned from providing services to customers, including any sales taxes or other fees … Read more
Friction cost is the amount of money that a borrower must pay in order to obtain a loan. This cost includes the interest rate, origination fees, and other costs associated with taking out a loan. What’s another word for financial problems? There is no one-size-fits-all answer to this question, as the term “financial problems” can … Read more
Option-adjusted spread (OAS) is the spread over treasuries that a security must offer in order to make it an attractive alternative to investing in treasury securities. The OAS of a security is calculated by adjusting the yield spread to account for the different options characteristics of the security. Option-adjusted spread is used in the pricing … Read more
