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ryzh [129]
3 years ago
8

Susan Inc. has been disappointed with the Willow Division's performance over the last few years and has decided that it would be

best to sell the division. As of December 31, 2019 the Willow divison is considered to be held for sale. The division's loss from operations for 2019 was $1,800,000. The division's book value and fair value less cost to sell on December 31 were $3,080,000 and $2,320,000, respectively. What should the company report as loss on discontinued operations (before tax) on its 2019 income statement
Business
1 answer:
labwork [276]3 years ago
3 0

Answer:

$2,560,000

Explanation:

impairment loss = division's book value - division's fair market value = $3,080,000 - $2,320,000 = $760,000

Assets held for sale are no longer depreciated, but they must be recorded at lower value between carrying cost and fair market value. Since the fair market value is lower than carrying value, then an impairment loss results.

loss on discontinued operations = loss from operations 2019 + impairment loss = $1,800,000 + $760,000 = $2,560,000

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Colt1911 [192]

I will work for a newspaper, I will spend at least half of my time working outdoors and  I will earn at least $20 per hour.

Answer: Option 3,4 & 6

<u>Explanation:</u>

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In the statements above, the options like working for a newspaper or working either inside or out doors are the options that the person takes into consideration for working.

3 0
4 years ago
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The price quotations of Treasury bonds in the Wall Street Journal show a bid price of 104.5313 and an ask price of 104.5489.
SOVA2 [1]

Answer:

b) $1,045.31

Explanation:

The computation of the receiving amount is shown below:

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where,

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8 0
4 years ago
The north american free trade agreement continues to spark debate today, particularly concerning?
raketka [301]

The North American free trade agreement continues to spark debate today because of their concerns with the agreements and alliances of three countries namely United States, Mexico and Canada. There have been agreements and beliefs in which had cause concerns and had cause a continuous debate within the three countries.

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4 years ago
Lena works as an order-taker at fast burger, a fast-food restaurant. she does not cook food, or even package the final order, bu
gregori [183]

The fast burger is not an example of mechanistic organization, therefore, it is false. It is because a mechanistic organization should provide rules and tasks that are provided to each employee and the authority should be centralized—in the given scenario, the mechanistic organization is not seen above.

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3 years ago
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The differences between the various 'Money Supplies' (M1, M2, …) are base on A) The volume of the economy they make up C) Whethe
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Answer:

The correct option here is B) the degree of liquidity in each element.

Explanation:

Money supply can be described as total amount of money , which is present in an economy at a point of time.

Money supply can be classified as M0,M1,M2  etc , where these different money supply's reflects different type of liquidity that each type of money has in the economy. M0, M1  actually consists of narrow money and contain coins and notes, which are in circulation in the economy and these are easily convertible in to cash and they are most liquid elements and same way M2 would be less liquid than M1, and so on.

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4 years ago
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