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xenn [34]
4 years ago
7

On October 28, 2021, a company committed to a plan to sell a division that qualified as a component of the entity according to G

AAP regarding discontinued operations and was properly classified as held for sale on December 31, 2021, the end of the company's fiscal year. The division's loss from operations for 2021 was $1,990,000. The division's book value and fair value less cost to sell on December 31 were $3,000,000 and $3,630,000, respectively. What before-tax amount(s) should the company report as loss on discontinued operations in its 2021 income statement?
Business
1 answer:
german4 years ago
3 0

Answer:

The company report as loss on discontinued operations in its 2021 income statement is $1,990,000

Explanation:

The computation of the loss on discontinued operations is shown below:

= Division loss from operations  

= $1,990,000

As no impairment loss is there because there is a gain as fair value is more than the book value.  

For calculating the loss on discontinued operations, the gain should not be considered. So, only Division loss from operations is relevant and hence taken in the computation part

The gain would be

= $3,630,000 - $3,000,000

= $630,000

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A survey of entrepreneurs focused on their job characteristics, work habits, social activities, leisure time, etc. One question
SVEN [57.7K]

Answer: Hello below is the complete question

A survey of entrepreneurs focused on their job characteristics, work habits, social activities, leisure time, etc. One question put to each entrepreneur was, "What make of car (U.S., Europe, or Japan) do you drive?" The responses (number in each category) for a sample of 100 entrepreneurs are summarized below. The goal of the analysis is to determine if the proportions of entrepreneurs who drive American, European, and Japanese cars differ.

U.S. Europe Japan

40 35 25

In order to determine whether the true proportions in each response category differ, a one-way chi-square analysis should be conducted. Suppose the p-value for the test was calculated to be p=0.1738 . What is the appropriate conclusion to make when testing at α = 0.10?

Answer : The conclusion to be drawn is that We cannot reject the Null hypothesis if we use a one-way chi square analysis because at α = 0.1 from the chi-square  tabulated p-value = 0.584 while the calculated /given p-value is = 0.1738

Explanation:

Data given:

p-value = 0.1738

α = 0.10

sample size = 100

U.S cars = 40,      Europe cars = 35,   Japan cars = 25

The conclusion to be drawn is that We cannot reject the Null hypothesis if we use a one-way chi square analysis because at α = 0.1 from the chi-square  tabulated p-value = 0.584 while the calculated /given p-value is = 0.1738

6 0
3 years ago
Which of the following scenarios might indicate that you have been a victim of identity theft?
shutvik [7]
Where are the answers? Don't have much to work with...
4 0
3 years ago
What is the maximum amount a 45-year-old taxpayer and 45-year-old spouse can put into a Traditional or Roth IRA for 2019 (assumi
puteri [66]

Answer:

If you are single, head of household or married filing separately, your contribution limit of $5,500 begins to phase out when your modified AGI reaches $61,000 and is zero beginning at $71,000. If you are married, filing jointly, or a qualified widow or widower, your contribution limit of $5,500 begins to phase out when your modified AGI reaches $98000 and is zero beginning at $118,000. So since they dont have an income limitation and are not covered by another pension plan, they both should be able to contribute $5,500 for a combined result of $11,000 to a Roth IRA

8 0
3 years ago
Read 2 more answers
THe section of the comprehensive annual finanial report that presents tables and charts showing social and econimoc data in addi
posledela

Answer:

Statistical Section

Explanation:

The statistical section of comprehensive annual financial report contains details of  most of PESTLE factors in numeric terms that shows to what extent these things will either affect or help the organization in near future.

3 0
3 years ago
The following information relates to the manufacturing operations of the IMH Publishing Corporation for the year:Beginning Endin
LenKa [72]

Answer:

Raw materials purchased = $111,000

Explanation:

given data

                                           Beginning                       Ending

Raw materials inventory     $47,000                        $50,000

Finished goods                     58,000                          50,000

raw materials use manufacturing = $108,000

solution

we get here Raw materials purchased that is express as

Raw materials purchased + beginning raw material = ending Raw materials + Raw materials used    ...................1

put here value and we get

Raw materials purchased = $50,000 + $108,000 - $47,000

Raw materials purchased = $111,000

6 0
3 years ago
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