1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Bogdan [553]
3 years ago
5

On October 28, 2013, Mercedes Company committed to a plan to sell a division that qualified as a component of the entity accordi

ng to GAAP regarding discontinued operations and was properly classified as held for sale on December 31, 2013, the end of the company's fiscal year. The division's loss from operations for 2013 was $2,000,000. The division's book value and fair value less cost to sell on December 31 were $3,000,000 and $2,500,000, respectively. What before-tax amount(s) should Mercedes report as loss on discontinued operations in its 2013 income statement? Group of answer choices
Business
1 answer:
Marysya12 [62]3 years ago
4 0

Answer: $2,500,000

Explanation:

Discontinued operations is when a particular division in a company shutdown.

With regards to the above question, the before-tax amount that Mercedes should report as loss on discontinued operations in its 2013 income statement will be:

= $2,000,000 + ($3,000,000 - $2,500,000)

= $2,000,000 + $500,000

= $2,500,000

You might be interested in
Batman parked the Batmobile himself and kept the bat keys. There was no attendant at the lot. Two hours later, Batman left the r
kupik [55]

Answer:

First of all, there was no attendant in the parking lot when batman arrived, meaning that he did not hand the keys. Batman kept the leys to himself all the time, so there is no transfer of possession. Without a valid transfer of possession, bailment cannot exist.  Whether Batman ate at the restaurant or spent time talking to Wonder Woman do not change the facts that the safety of his Batmobile was his responsibility only.

5 0
3 years ago
Amanda and Jeremy argue about the employment of children in tobacco farms in a certain part of the world. Jeremy is of the view
mixas84 [53]

Answer:

Utilitarianism.

Explanation:

Utilitarianism is extraordinary compared to other known and most compelling moral theories. Like different types of consequentialism, its center thought is that whether activities are morally right or wrong relies upon their belongings. All the more explicitly, the main impacts of activities that are important are the great and terrible outcomes that they produce.

8 0
3 years ago
Plz,what is memorandum​
alekssr [168]

Answer:

A written message in business or diplomacy.

Explanation:

I hope that this helps!! :)))

7 0
3 years ago
Read 2 more answers
Westover Winds just paid a dividend of $2.10 per share. The company will increase its dividend by 8 percent next year and will t
Alla [95]

Answer:

Price today = $26.54

Explanation:

The price of the stock can be calculated using the Dividend Discount Model (DDM). The DDM values the stock based on the present value of the expected future dividends from the stock.

The formula to calculate the price of the stock is attached.

Price today = 2.1 * (1+0.08) / (1+0.11)  +  2.1 * (1+0.08) * (1+0.06) / (1+0.11)^2  +  

2.1 * (1+0.08) * (1+0.06) * (1+0.04) / (1+0.11)^3  +  

[(2.1 * (1+0.08) * (1+0.06) * (1+0.04) * (1+0.02)) / (0.11 - 0.02)] / (1+0.11)^3

Price today = $26.54

7 0
3 years ago
Sarafiny Corporation is in the process of preparing its annual budget. The following beginning and ending inventory levels are p
I am Lyosha [343]

Answer:

See below

Explanation:

Raw materials purchased is computed as;

Raw material purchase = Ending inventory + required for production - beginning inventory

= 50,000 + ((80,000 + 770,000 - 30,000) × 3) - 60,000

= 50,000 + 2,460,000 - 60,000

= 2,450,000 grams

8 0
3 years ago
Other questions:
  • Research suggests that a firm with greater multimarket contact is __________ likely to initiate an attack, but __________ likely
    10·1 answer
  • In two or more complete sentences, compare and contrast the 401(k) and the 403(b) savings plans.
    5·2 answers
  • Vincent and Jean are two cooks who work in a village. Each of them can either bake cakes or make pizzas. Every ingredient is rea
    6·1 answer
  • Government regulations allow a manufacturer of natural weight loss products to advertise:
    6·1 answer
  • Janet has almost finished painting a neighbor's house, at which time she'll be paid $2,000. The fact that she is increasingly un
    5·1 answer
  • What is the MAIN reason why some stores want to close on Thanksgiving?
    7·2 answers
  • Luebke Incorporated has provided the following data for the month of November. The balance in the Finished Goods inventory accou
    9·1 answer
  • Which of the following is an example of earned income?
    10·1 answer
  • Firestone owns its manufacturing sites as well as retail stores that sell its tires. Firestone exemplifies a(n)
    10·1 answer
  • In human resource management, _____ usually refers to teaching operational or technical employees how to do the job for which th
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!