Answer:
The company report as loss on discontinued operations in its 2021 income statement is $1,990,000
Explanation:
The computation of the loss on discontinued operations is shown below:
= Division loss from operations
= $1,990,000
As no impairment loss is there because there is a gain as fair value is more than the book value.
For calculating the loss on discontinued operations, the gain should not be considered. So, only Division loss from operations is relevant and hence taken in the computation part
The gain would be
= $3,630,000 - $3,000,000
= $630,000
Because in the summer months its hotter and in the winter months people are looking for move covering warm and cosy clothing so the bermuda shorts would there for least likely to be bought during the summer months.
To Double it's 9.4 to quadruple it's 18.8
Answer: Cash flow problem
Explanation: In simple words, cash flow problem refers to a situation when an entity faces difficulty in controlling the outflow in relation to their inflow. This can occur mainly due to two factors- low profit or losses and over investment.
In the given case, the company is facing the problem of over investment as they are not getting any inflow but have to bear the outflow for effectively operating their business.
Hence from the above we can conclude that the correct option is B.
Answer:
Release clause
Explanation:
A release clause is a word used to describe a stipulation in a mortgage deal. After a proportionate amount of the mortgages has been repaid, the release clause provides for the release of some or all of portion of an estate from a purchaser's claim.
