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8_murik_8 [283]
4 years ago
7

Tamarisk Corporation had income from continuing operations of $10,763,000 in 2020. During 2020, it disposed of its restaurant di

vision at an after-tax loss of $201,600. Prior to disposal, the division operated at a loss of $324,000 (net of tax) in 2020. Tamarisk had 10,000,000 shares of common stock outstanding during 2020. Prepare a partial income statement for Tamarisk beginning with income from continuing operations.
Business
1 answer:
Ivenika [448]4 years ago
3 0

Answer:

$1.02

Explanation:

Preparation of the partial income statement for Tamarisk beginning with income from continuing operations.

Income from continuing operations $10,763,000

Less Discontinued operations:

Loss from operation of discontinued restaurant division (net of tax) ($324,000)

Loss from disposal of restaurant division(net of tax) (201,600)

Net income$10,237,400

Earnings per share:

Income from continuing operations$1.07

($10,763,000÷$10,000,000)

Discontinued operations, net of tax(0.05)

(324,000+201,600= 525,600

Net income $1.02

Calculation for Discontinued operations,

(324,000+201,600)= 525,600

525,600÷$10,237,400

=0.05

Therefore the Net income is $1.02

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3 years ago
When a government decides only people who have paid an annual fee will get certain services, such as firefighting services, whic
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When a government decides only people who have paid an annual fee will get certain services, such as firefighting services, is (C) Who should get the goods produced?

<h3>What is Economic System?</h3>

An economic system, is a system of production, resource allocation and distribution of goods and services within a society or a given geographic area. It includes the combination of the various institutions, agencies, entities, decision-making processes and patterns of consumption that comprise the economic structure of a given community.

<h3>What a Command Economy?</h3>

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Therefore, we can conclude that the correct option is C.

Your question is incomplete, but most probably your full question was:

When a government decides only people who have paid an annual fee will get certain services, such as firefighting services, which of the three economic questions does it answer?

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C. Who should get the goods produced?

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