Answer:
This gives a net losses from discontinued of operations of $13.5m
After having deducted tax benefit of $4,5m
Explanation:
Kindly find attached spreadsheet showing of the computations from US GAAP's perspective
Mind the use of formulas highlighted before each calculation
Answer:
1) UNDERWRITE involves the act of taking on any risk that might be related with the issue of a new security.
2. BEST EFFORTS is the responsibility of sharing a security without transferring the risk associated with the new issue from the company to the investors.
3. UNDERWRITING SYNDICATE involves a group of investors formed to share the risk of a security offering.
4.UNDER PRICING is the process of setting the price of a new security slightly below the market value to ensure a receptive sale.
5. AFTERMARKET is a secondary market where securities are traded after its initial offering to the public.
6.AGENT is one who sells or places an asset for another party.
7. SHELF REGISTRATION permits large companies to file one comprehensive statement with the Securities and Exchange Commission (SEC) outlining their financial plans for the next two years.
8. LEVERAGE BUYOUT occurs when either management or another investment group borrows the needed cash to rebuy all traded shares from the shareholders.
9. RESTRUCTURING involves the divisions and products are sold and assets redeployed into better yielding areas.
10. PRIVATIZATION is a situation Investors that take a company public, the investment bankers sell companies previously owned by governments.
Answer and Explanation:
The journal entry to record the issuance of the bond is shown below
On Jan 1, 2018
Cash (5,900,000 × 101%) $5,959,000
Bonds Payable $5,900,000
Premium on Bonds Payable $59,000
(Being the issuance of the bond is recorded)
Here the cash is debited as it increased the assets and credited the bond payable & premium on bond payable as it also increased the liabilities
Answer:
the contract is a. void.
Explanation:
this is because Huck has been declared as mentally incompetent by the court and that can only be changed by the court as well. so, when he agrees to sell and create a contract, it becomes void, no matter the value is or how closely it relates to the market value.
if it was Inez who came into the contract, then the contract would have been legally binding.
Answer:
Disclose unaffiliated customers sales and also the intra-company sales between geographical areas.
Explanation:
Public companies are required to disclose the amount of sales to unaffiliated customers by geographical region. At the same time, they must also disclose the intra-company sales between geographical areas. It is to be noted that the above said requirements are to be reported separately.
