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
vampirchik [111]
3 years ago
5

Income Statement Sections During the current year, David Corporation sold a segment of its business at a gain of $210,000. Until

it was sold, the segment had a current period operating loss of $75,000. The company had $700,000 income from continuing operations for the current year. Prepare the lower part of the income statement, beginning with the $700,000 income from continuing operations. Follow tax allocation procedures, assuming that all changes in income are subject to a 20 percent income tax rate. Disregard earnings per share disclosures.
Business
1 answer:
Montano1993 [528]3 years ago
8 0

Answer:

Answer is given below.

Explanation:

-Income from Continuing Operation                                  700000

-Discontinued Operations  

-Loss from operations of                                        60000

discontinued segment (75000*80%)  

-Gain on disposal of discontinued                         168000           108000

segment (210000*80%)

-Net Income                                                                             808000

You might be interested in
"_____" is the alternative term for "comfort" that is used by the wall street journal as one of the factors to grade jobs.
Leya [2.2K]
The answer is environment, this is the word that the wall street journals used in having to term the word comfort as this is somehow a word that made sense to them or something that depicts to them for them, environment is a way of having to say that it is comfort or comforting to other people.
3 0
3 years ago
The current net profit of sigma inc. is $8 million, the market price of the stock is $65, and sales is $50 million. the net prof
IRISSAK [1]

The net profit margin, or simply net margin, measures how much net income or profit is generated as a percentage of revenue.

It is the ratio of net profits to revenues for a company or business segment. Net profit margin is typically expressed as a percentage but can also be represented in decimal form.

<h3>How do we calculate net profit margin?</h3>

Net profit margin is calculated by dividing the net profits by net sales, or by dividing the net income by revenue realized over a given time period.

<h3>What is good net profit ratio?</h3>

For example, in the retail industry, a good net profit ratio might be between 0.5% and 3.5%.

Other industries might consider 0.5 and 3.5 to be extremely low, but this is common for retailers. In general, businesses should aim for profit ratios between 10% and 20% while paying attention to their industry's average.

Learn more about net profit margin here:

<h3>brainly.com/question/22024991</h3>

<h3>#SPJ4</h3>

6 0
1 year ago
If you wanted to measure a 90-degree bend on a sheet-metal bracket, what instrument would you use?
Ivenika [448]
The answer is C. Try square
8 0
3 years ago
Objective of management​
AnnZ [28]
Getting Maximum Results with Minimum Efforts.
8 0
3 years ago
Read 2 more answers
A team of builders has surveyed buyers of their new homes for years. Consistently, only 48% of the buyers have indicated they we
Assoli18 [71]

Answer:

Explanation:

So, the hypothesis is:

H0 : p = .48 versus Ha : p≠ .48

check the picture attached for more explanation

3 0
2 years ago
Other questions:
  • The Whitewater LLP is equally owned by three partners and has the following balance sheet at the end of the current tax year:
    14·1 answer
  • Pharoah Inc. purchased land, building, and equipment from Laguna Corporation for a cash payment of $390,600. The estimated fair
    6·1 answer
  • A firm in a perfectly competitive industry in​ long-run equilibrium will earn normal returns and zero economic profit.
    6·1 answer
  • Which central tendency is most suitable for measuring average rate growth ​
    11·1 answer
  • Mohammed works in a marketing department and is working on his Master's Degree in Marketing. His career goal is to become the ma
    8·1 answer
  • Stor Manufacturing stores hazardous and volatile chemicals in its warehouse. The warehouse has state-of-the-art equipment to mak
    15·2 answers
  • ________differentiation is a business strategy whereby firms attempt to gain a competitive advantage by increasing the perceived
    6·1 answer
  • Assuming all else is constant, which of the following statements is correct?
    6·1 answer
  • The salaries of employees who spend all their time working in one department are: ________
    9·1 answer
  • Millie is a buyer who has given her agent an earnest money check for $10,000 with an offer to purchase. when will the check be d
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!