Answer: A $250,000 gain should be in the "discontinued operations" section of the income statement.
Explanation:
Since there was a loss of $600,000 for the period from January through the sale date while there was a gain of $850,000 on the actual sales, then the situation should be reported in the financial statements of Family Fashions for 2009 as a gain of ($850,000 - $600,000) = $250,000 should be in the "discontinued operations" section of the income statement.
Discontinued operations refers to the part of the business which has been shut down or divested. They're separated from the continuing operations when reported.
Answer:
b
Explanation:
Statement a is incorrect because of 2.8 percent instead of 2.8%
Statement c is incorrect because of February fifteenth instead of February 15
Statement b is correct
Answer:
$868,331.25
Explanation:
price of house = P
principal of loan = P x (1 - 20%) = 0.8P
using the present value of an annuity formula:
present value of the loan = monthly payment x annuity factor
monthly payment = $3,100
annuity factor (PV, 0.2875%, 360 periods) = 224.0854839
present value of the loan = $3,100 x 224.0854839 = $694,665 = 0.8P
total value of the house = P = $694,665 / 0.8 = $868,331.25
Answer:
Every bloody thing About Kim jung un, makes ya feel angry.
Explanation:
Answer:
according to my opinion you should make a decision tree