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victus00 [196]
1 year ago
9

explain sustainable income. what relationship does this concept have to the treatment of discontinued operations on the income s

tatement?
Business
1 answer:
Anni [7]1 year ago
4 0

A corporation needs sustainable income in order to cover all of its expenses in the long run.

What is Sustainable income?

Sustainable income represents the after-tax gain or loss on the impact of operations on a discontinued segment of business for a period.

Therefore, in the case of a discontinued operation, there is no sustainable income arising in the future as the segment of business is already discontinued and income, if any, is going to come only for the period of the discontinued operation. Income or expense from discontinued operations is a line of item in the income statement of a company below income from continuing operations and before the net income.

To know more about Sustainable income, click here- brainly.com/question/18687603

#SPJ4

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Grouper Corporation’s April 30 inventory was destroyed by fire. January 1 inventory was $160,600, and purchases for January thro
Katen [24]

Answer:

$165,670

Explanation:

Cost of goods sold = Sales revenue (1 - Gross profit)

                                = $669,900 × (1 - 0.30)

                                = $669,900 × 0.70

                                = $468,930

Estimated ending inventory destroyed in fire:

= Beginning inventory + Purchase - cost of goods sold

= $160,600 + $474,000 - $468,930

= $165,670

6 0
3 years ago
True or False: Anything less than a full bottle shouldn't be considered in inventory at all.
elena55 [62]

Answer:

when it comes to certain stuff true

Explanation:

4 0
2 years ago
If a family spends its entire budget in a given time frame, the family can afford either 10 restaurant meals or 30 home meals. A
Andrej [43]

The opportunity cost of one extra restaurant meal in the time frame is 3 home meals.

<h3>What is opportunity cost?</h3>

Opportunity cost of the next best option forgone when one alternative is chosen over other alternatives. When the family chooses to go for the restaurant meal, they forgo the opportunity for a home meal.

Opportunity cost  = 30 / 10 = 3

To learn more about opportunity cost, please check: brainly.com/question/26315727

7 0
2 years ago
________ is a highly complex and highly developed form of reasoning that is based on years of experience and learning.
AlexFokin [52]

Answer:

Intuition.

Explanation:

7 0
3 years ago
Double entry Received commission by Cheque
gizmo_the_mogwai [7]

Answer:

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Explanation:

ask any question or queries not other things

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8 0
2 years ago
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