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2 years ago

Where should a company undergoing reorganization report the gains and losses resulting from the reorganization?

1 answer:

7 0

A company undergoing reorganization report the gains and losses resulting from the reorganization On the income statement, separate from other gains and losses.

An income statement is a financial statement that suggests you the agency's income and expenditures. It also indicates whether a company is making income or loss for a given length. The income announcement, along with balance sheet and coins flow declaration, enables you apprehend the monetary health of your commercial enterprise.

What is income statement formula?

The simple components for an income statement is sales – expenses = net income. This simple equation shows whether or not the business enterprise is worthwhile. If revenues are more than charges, the business is worthwhile.

Why is income statement prepared?

The cause of the income statement is to show the reader how a great deal profit or loss an organization generated at some point of a reporting length.

What is the main elements of income statement?

The income statement offers sales, costs, and net earnings. The additives of the earnings statement consist of: sales; value of income; income, fashionable, and administrative charges; other operating prices; non-working income and fees; profits and losses; non-habitual objects; internet profits; and EPS.

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partial credit, E12-19A (similar to) Turner Hardware is adding a new product line that will require an investment of $ 1 comma 5

son4ous [18]

Answer:

5.98 years

Explanation:

The computation of the payback period is shown below:

In year 0 = -$1,530,000

In year 1 = $305,000

In year 2 = $270,000

In year 3 = $240,000

In year 4 = $240,000

In year 5 = $240,000

In year 6 = $240,000

In year 7 = $240,000

In year 8 = $240,000

In year 9 = $240,000

In year 10 = $240,000

If we added the first 5 year cash inflows than it would be $1,295,000

Now we have to subtract the $1,295,000 from the $1,530,000 , so the amount would be $235,000 as if we sum the six year cash inflow so the total amount is exceeded to the initial investment. So, we subtract it

And, the next year cash inflow is $240,000

So, the payback period equal to

= 5 years + $235,000 ÷ $240,000

= 5.98 years

5 0

3 years ago

Michelle always drives down Hampton Avenue to go to work. One morning, Michelle discovers that Hampton Avenue is closed at Wood

Soloha48 [4]

Answer:

she has formed a cognitive map of the area

Explanation:

A cognitive map is basically a mental map or representation of the physical surrounding area. If you have ever seen a lab rat trying to go through a maze, that is exactly what this is about. The ability to mentally represent of physical surroundings is very important, and not just to avoid traffic jams, but for our normal daily activities. We all know where the bathroom is, or the kitchen, and our rooms, etc., that is basically a cognitive map of our house.

7 0

3 years ago

quantum mechanics shop sells a bicycle to reniel, a costumer who uses a local card(a national credit card, but not issued by an

Svetradugi [14.3K]

Answer:

the journal entry to record this sale should be:

Dr Accounts receivable X

Dr Credit card fees Y

Cr Sales revenue X+Y

Explanation:

The journal entry to record sales using credit cards issued by banks, e.g. VISA, MasterCard, etc., which pay immediately or almost immediately (the same day or the following day) and manage the payments through the company's bank account:

Dr Cash X

Dr Credit card fees Y

Cr Sales revenue X+Y

Since credit cards not issued by banks (e.g. many American Express cards are issued by American Express itself not by banks) do not pay immediately, a company must record an account receivable, it cannot record cash. In order to collect the payment, the company must submit the credit card receipt to the credit card company and then wait for it to be processed and paid. This may take a few days or even a couple of weeks.

5 0

4 years ago

Nancy aspires to be a business development manager. What job requirements does Nancy need to fulfill? To become a business devel

Solnce55 [7]

Answer:

Nancy needs to have a bachelor’s degree or master’s degree in business administration and good communication skills.

Explanation:

The major roles that a business development manager has to perform are:

Interpret the sales lead

maintain good contacts with the clients and provide information to the new clients.

To get a job as a business development manager, a person should have a degree in business management, administration or another degree pf equivalent value.

A person aspiring for this shall have a vast knowledge about business and also should have good communication skills.

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3 years ago

Jake receives a promotion at his law firm after winning an important case. this is an example of a:

adell [148]

Jake receiving a promotion at his law firm after winning an important case is an example of a positive social sanction. This is a sociological term used to explain the reaction to a person's behavior or actions.

3 0

3 years ago