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joja [24]
2 years ago
11

Identify the accounting concept relevant to each situation below:

Business
1 answer:
leonid [27]2 years ago
8 0

Answer:

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Blossom Corporation had income from continuing operations of $10,895,300 in 2020. During 2020, it disposed of its restaurant div
pantera1 [17]

Answer and Explanation:

The preparation of the partial income statement is presented below:

                                     Blossom Corporation

                                    Income Statement (Partial)

                                          For the Year 2020

Particulars                                                            Amount (in $)

Income from continuing operations                     10,895,300

Income from discontinued operations:  

Less:

Loss from disposal of Restaurant net of tax                 -194,400  

Loss from the operation of discontinued                     -321,800  

Total expense                                                                -516,200

Net income                                                                 10,379,100

Earning per share  

Income from continued operations (10,895,300 ÷10,000,000)  $1.09

Loss from discontinued operations (516,200 ÷ 10,000,000)      ($0.05)

Earning per share  $1.04

8 0
3 years ago
eff Jackson opened Jackson's Repairs on March 1 of the current year. During March, the following transactions occurred: Jackson
melomori [17]

Answer:

Jeff Jackson's Repairs

The net income for March would be:

= $11,900.

Explanation:

a) Data and Analysis:

March 1: Cash $27,000 Equipment $102,000 Common stock $129,000

Rent expense $2,200 Cash $2,200

Cash $18,000 Service revenue $18,000

Salaries expense $6,400 Cash $6,400

Accounts receivable $3,200 Service revenue $3,200

Utilities expense $700 Cash $700

Cash $3,300 Deferred revenue $3,300

Cash Dividends $5,200 Cash $5,200

Net Income for the month of March would be:

Service Revenue ($18,000 + $3,200) $21,200

Expenses:

Rent expense     $2,200

Salaries expense 6,400

Utilities expense     700                        (9,300)

Net income for March =                       $11,900

6 0
3 years ago
Job dissatisfaction is more likely to translate into​ ________ when employees feel or perceive they have many available alternat
Archy [21]

Answer:

D. turnover

Explanation:

Employee turnover refers to the number percentage or number of workers who leave a company and have to be replaced.  Employees leave an organization either voluntary or involuntary.  Involuntary turnover involves an employer terminating the services of an employee due to poor performance or other reasons. Employee turnover is measured per period, usually one year.

Voluntary turnover arises when an employee chooses to leave an organization on their own accord. The worker resigns or quits from his job. Various reasons, such as better job opportunities elsewhere, Job dissatisfaction, workplace conflicts, disengagement, and many others, may result in employees leaving an organization.

8 0
3 years ago
the ____ is a federal government agency that offers both managerial and financial assistance to small businesses
hjlf
Small business administration.
5 0
2 years ago
A manufacturing company has a small production line dedicated to the production of a particular product. The line has four stati
Alika [10]

Answer:

HOPE THIS HELPS GOOD LUCK

Explanation:

Station 4, 2,100/month Problem 11-11 The longest process on this "assembly line" will govern the output.

Therefore, the maximum output from this line will be: Output = available time/cycle time = (40 hours per week)*(60 minutes per hour)/1.5 minutes per  

8 0
2 years ago
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