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4 years ago

The disposal of a business segment is reported as discontinued operations. True or false?

1 answer:

6 0

True, When the businesses decide not to carry on their operations further it will be reported as Discontinued operations and is shown in extraordinary items.

<u>Explanation:</u>

The disposal of business segment is caused due to some major change or shift that leads to financial dis balance and ultimately leads to the shutting down of the operations and so it will be reported in the discontinued operations. The business segment when disposed of or sold it will be reported as discontinued operations.

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The process of joint decision making in which employees share a high degree of decision-making power with their superiors is cal

iVinArrow [24]

Answer:

The process of joint decision making in which employees share a high degree of decision-making power with their superiors is called Participative Management

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3 years ago

_____ advertising is done by local merchants to encourage consumers to shop at a specific store, use a local service, or patroni

ololo11 [35]

Answer:

The correct answer is letter "D": Retail.

Explanation:

Retail advertising is developed by retailers to attract consumers to their local stores. This type of marketing may not be necessarily focused on the product features but how they are sold, meaning in bundles or at discount. It is the final merchandising made to products before they reach end-consumers.

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3 years ago

During 2018, Jerry is a self-employed therapist, and his net earned income is $187,600 from his practice. Jerry's SEP Plan, a de

DerKrebs [107]

Answer:

$55,000

Explanation:

A Simplified Employee Pension (SEP) Plan is used in the United States by employers or self-employed persons to provide retirement benefits for themselves and their employees

As stated by the Internal Revenue Service (IRS), the contributions that can be made to each employee’s SEP-IRA each year is which one is lower between 25% of compensation and the maximum of $55,000 for 2018.

We can then calculate as follow:

1. Jerry's contribution calculation = 25% × $187,600 = 46,900.

2. Maximum allowable = $55,000.

Since a defined contribution plan states that Jerry will contribute the maximum amount allowable and the maximum for 2018 is $55,000, Jerry's contribution will therefore be $55,000.

3 0

3 years ago

On June 1 of the current tax year Elisha and Ezra (who are equal partners) contribute property to form the Double E Partnership.

Helga [31]

Solution:

The relationship is called the deal to run the company by adding money, by distributing the business risk, etc. We share profit and loss from their relationship and the net profit is the partner's profits.

Calculating the basis of partners

Elisa's basis in partnership :

Particulars Amount $

Cash contribution 200,000

Add:

Share of the liability on the contributed land 70,000

Share of the construction debt 10,000

Share of the accounts payable debt 4,100

Share of partnerships taxable income 15,000

Hence, Elisha's basis in the partnership on December 30. $299,100

Ezra's basis in partnership

Particular Amount $

Land and building 340,000

Less: Debt assumed by the partnership 140,000

Add:

Share of liability on contributed land 70,000

Share of construction debt 10,000

Share of accounts payable debt 4,100

Share of partnerships taxable income 15,000

Ezra's basis in partnership on December 30. $299,100

8 0

4 years ago

The statement of shareholders’ equity reports the transactions that cause changes in its shareholders’ equity account balances.

vazorg [7]

Answer:

B) the issuance of bonds.

Explanation:

Equity which represents the amount owed to the owners of the business includes retained earnings (which is the accumulation of the net income/loss over the years less dividends paid) and common shares.

As such, the sale of additional shares of stock, net income and declaration of dividend are typical reasons for changes in shareholder's equity however, the issuance of bonds is a liability (usually non-current).

6 0

3 years ago