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
sammy [17]
3 years ago
14

If a company owns multiple lines of business in different areas such as cable TV, film entertainment, networks, and publishing,

and decides to sell a specific unit, the resulting gain or loss would most likely be classified as a(n)______ on the income statement.
Business
1 answer:
Zepler [3.9K]3 years ago
8 0

Answer: The answer is Discontinued Operation.

Explanation: Discontinued Operation in financial accounting is a term that is used to refer to part(s) of a company’s line of businesses or products that have been sold or shut down.

Discontinued operations are reported on the income statement, but separately from continuing operations.

The decision to list discontinued operations separately on the income statement is useful because it shows investors where the profits are coming from and which operations have ceased to function, especially useful when companies are about to merge.

You might be interested in
When economists talk about the "standard of living," they are generally referring to:?
zimovet [89]
<span>The economists are usually referring to people that is the performance of baby boomers and older employees in general prior to their retirement years and also the level of overall well-being enjoyed by an economy. 0 the amount of savings and skill an economy has achieved. On the level of government involvement in the economy's production of goods and services. 0 the amount of money that an economy has formed to spend.</span>
8 0
3 years ago
Using the one-period valuation model, assuming a year-end dividend of $0.11, an expected stock sales price of $60, and a require
sineoko [7]

Solution:

The most common tool used to measure the valuation of the stock is the ratio of price to earnings. It's easy to access, and the data is readily accessible. The P / E ratio is determined by measuring the price of the stock by the sum of its 12-month trailing profits.

Given,

Dividend of $0.11

Expected stock sales price of $60

RRR 10%

The current price of the stock would be : 60 * 0.10 * 0.11 = 66

7 0
3 years ago
What is one reason why the overall unemployment rate understates the actual employment situation?
MissTica

Answer:

It does not consider all the unemployed people.

Explanation:

The unemployment rate is a percent expression of the jobless labor force in an economy. In calculating the unemployment rate, the bureau of labor statistics considers only the unemployed people who have been actively seeking work in the past four weeks.

Due to this reason, the unemployment rate does not include all the jobless people in the country. Unemployed individuals who have lost hope of finding work, and those who did seek employment get excluded. Those engaged in other chores like caring for the sick or the elderly are also not considered.

5 0
2 years ago
Reese, a calendar-year taxpayer, uses the cash method of accounting for her sole proprietorship. In late December, she received
Nady [450]

Answer:

$14,960

Explanation:

Pay $22,000 bill in December:

$22,000 tax deduction × 32%marginal tax rate = $7,040 in present value tax savings.

After-tax cost= Pretax Cost − Present Value

Tax Savings= $22,00 − $7,040

= $14,960

Therefore the after-tax cost if she pays the $22,000 bill in December will be $14,960

8 0
3 years ago
Read 2 more answers
Suppose you deposit $2,262.00 into an account today. In 11.00 years the account is worth $3,855.00. The account earned ____% per
zmey [24]

Answer:

4.97 %

Explanation:

Data and Calculation :

PV = - $2,262.00

N =  11.00

FV = $3,855.00

P/YR = 1

PMT = $0

I/YR = ? 4.97 %

THUS,

The account earned 4.97 % per year.

3 0
2 years ago
Other questions:
  • Acme company has just completed the incorporation process and received its articles of incorporation from the state. at the firs
    14·1 answer
  • In its income statement for the year ended December 31, 2019, Sheridan Company reported the following condensed data. Operating
    8·1 answer
  • . If during 2005, the country of Sildavia recorded investment spending for $3 billion, government purchases for $3 billion, cons
    15·1 answer
  • Workers are constantly adjusting to changes in technology and society that affect work. In order to keep up with all of these ch
    14·2 answers
  • Finding the interest rate and the number of years The future value and present value equations also help in finding the interest
    7·1 answer
  • An economic system:
    11·1 answer
  • By definition, a ________ requires a large amount of learning on the part of users and typically creates new markets and consump
    10·1 answer
  • What are tax credits?
    6·1 answer
  • Emilia bought 4 pairs of socks and 3 DVDs. The DVDs were originally priced at $15 but were marked down by $7, and each pair of s
    6·1 answer
  • Clare sells gourmet boxes of chocolates. One box of chocolates costs Nancy $6.75 to produce. She sells her boxes of chocolate fo
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!