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harina [27]
3 years ago
7

A company has decided to discontinue a component of its business but, when the reporting period ends, the component has not yet

been sold. The amount that the company would report as income from discontinued operations is (ignore tax effects):_____________
Business
2 answers:
rosijanka [135]3 years ago
4 0

Answer: income from operations for the year and the amount by which the component's fair value less cost to sell is less than book value

Explanation: In instances where a component is discontinued but is not sold at the end of the accounting or reporting period, income from operations for the year and the amount by which the component's fair value less cost to sell is less than book value. This is the amount the company would report as income from discontinued operations. The net-of-tax income effects of a discontinued operation is disclosed separately in the income statement.

Ede4ka [16]3 years ago
3 0

Answer:

The amount by which the component's fair value less cost to sell is less than book value and income from operations for the year

Explanation:

Fair value less cost to sell (FVLCS) is the measurement of the value of the ‘net’ economic benefits embedded in a fixed asset that can be one in a case where the asset is been sold. Just like the name refers, it equals the fair value minus the costs that the company will incur in selling the asset such as irrecoverable taxes, delivery and transportation cost , transaction costs and so on. The fair value of the asset is the amount which can be sold to a knowledgeable and willing buyer in an arm’s length of the transaction.

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Whats a service and then what's the difference between a product a service
skelet666 [1.2K]

Answer:A product is a tangible item that is put on the market for acquisition, attention, or consumption, while a service is an intangible item, which arises from the output of one or more individuals. ... In most cases services are intangible, but products are not always tangible. difference between them is products are tangible objects that can be seen, felt and can be moved, whereas, services are intangible and cannot be moved. ... Key Features of a Product. The main character of a product is that it is a physical item that is tangible.

hope this helps have a nice day❤️

Explanation:

3 0
3 years ago
The cost to lay off an employee is what percent of the hiring cost for that level?
Alexus [3.1K]

The cost to lay off an employee is what percent of the hiring cost for that level is 30-50 percent.

<h3>What is the cost of hiring?</h3>

Finding the ideal employee can be expensive in and of itself. Business consultant Bill Bliss, president of Bliss & Associates Inc., claims that the hiring process alone might have a number of high potential expenses.

These include the time spent advertising the position, the time spent by an internal recruiter, the time spent by the recruiter's assistant reviewing resumes and carrying out other tasks related to recruitment, the time spent by the person conducting the interviews, the time spent on drug tests and background checks, and the cost of various pre-employment assessment tests. Even a $8/hour employee might wind up costing a business $3,500 in turnover expenses, both direct and indirect. Not every new hiring will require the same procedure.

To know more about hiring cost visit:

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8 0
2 years ago
My answer c not sure
AleksandrR [38]
A is your answer so then there is less supply than there is demand.
8 0
3 years ago
Recent surveys indicate that more than half of employees are dissatisfied with their jobs.
Shalnov [3]

Answer: True

Explanation:

This is true. In a recent survey that was carried out, which was titled the Effing Problem; it was stated that more that half of the workers in the United States were not happy with the jobs they currently have and that about forty percent will like to change the job that they are currently doing if they are given the opportunity.

People find it easy not to change jobs due to the fact that the economy is struggling and a job market that's also struggling. Therefore, people stay in their current jobs even if they are dissatisfied because they'll rather stay than stay jobless.

4 0
3 years ago
A buyer uses a periodic inventory system, and it purchases $4,000 of merchandise on credit terms of 2/10, n/30 on December 5. On
kramer

Answer:

Explanation:

Purchase discount = $4000 * 2% = $80

Date       Accounts title                  Debit    Credit

Dec-15    Accounts Payable         $4,000

                    Purchase Discounts                $80

                    Cash                                         $3,920

               (To record payment within discount term of 10 days)

5 0
3 years ago
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