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3 years ago

Popson Inc. incurred a material loss that was unusual in character. This loss should be reported as:

1 answer:

4 0

Popson Inc. incurred a material loss that was unusual in character. This loss should be reported as: a line item within income from continuing operations.

<h3><u>Explanation:</u></h3>

Any income or loss that was incurred during the continuous operations of any segment of business or in the continuous operations of any segment of business will be either represented as after tax gain or loss on selling the business segment and the after tax effect of the operations of the discontinued business segment.

The areas such as expenses, revenues, loss and gain and those excluding the operation discontinued and extra ordinary items will included as the income from continuing operations.In the example given, the company has material loss during its operations and hen it should be reported as a line item within income from continuing operations.

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A company that produces pleasure boats has decided to expand one of its lines. Current facilities are insufficient to handle the

Irina-Kira [14]

Answer:

A. Lowest Total Cost:

A. 315,550 or more

B. Lowest total cost of annual volume of 120 boats

C. C

Explanation:

The lowest total cost among the three alternatives is b.

If the company goes for new location it will have to incur fixed cost of $270,000 and variable cost per boat will be $600.

If the company Subcontracts then Total cost per boat is $2,620

If a company goes for expanding existing facility then it will incur fixed cost of $57,000 and variable cost will be $1,030 per boat.

If company produces 315,000 or more boats then it will have lowest possible cost for the boat.

For an output of 120 bots the best possible alternative is option C. The fixed cost will be $475 per boat ($57,000 / 120 boats)

The total cost will be $1,505 ($475 + $1,030)

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3 years ago

At its date of incorporation, McCarty Company issued 100,000 shares of its $10 par common stock at $11 per share. During the

Paul [167]

Answer:

Explanation:

at purchase:

30,000 shares x 16 dollars each:

Treasury stock 480,000 debit

Cash 480,000 credit

--purchase of own share--

Then we will decrease retained earnings for the difference in the cash proceed on the sale and our treasury stock.

30,000 x 12 dollars = 360,000 cash proceeds

treasury stock 480,000

decrease in RE 120,000

cash 360,000 debit

retained earnings 120,000 debit

Treasury Stock 480,000 credit

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4 years ago

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Spotnick Enterprises is exploring options for entering into international markets. The key stakeholders have expressed that the

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<h3>What Is a Green-Field Investment?</h3>

A green-field (also "greenfield") investment is a type of foreign direct investment (FDI) in which a parent company creates a subsidiary in a different country, building its operations from the ground up. The strategy involves building everything the company needs from the ground (or green field) up. This can include all facets of the business, from plant construction to marketing and distribution channels.

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