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Rama09 [41]
3 years ago
6

On May 31, 20X1, the Arlene Corporation adopted a plan to sell its cosmetics line of business, considered a component of the ent

ity. By the end of the year, the assets have not been sold. The book value of those assets equals $850,000, and the company estimates their fair value to be $1,100,000. The component generated operating income of $450,000 for the year. In its income statement for the year ended December 31, 20X1, for what amount would the company report income from operations of a discontinued component (ignoring taxes).
a. $300,000
b. $550,000
c. $450,000
d. $700,000
Business
2 answers:
Mrrafil [7]3 years ago
8 0
Yes it’s C, the answer
quester [9]3 years ago
5 0
The answer is C $450,000
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Investing is best for Stock Market, Investment Bonds, Mutual Funds, Savings Accounts, and Physical Commodities.

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4 0
3 years ago
Marshall has received an inheritance and wants to invest a sum of money today that will yield $5,400 at the end of each of the n
BigorU [14]

Answer:

$3,315.13

Explanation:

To determine the amount of inheritance Marshall should invest today, we have to calculate the present value of $5,400.

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I hope my answer helps you

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