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Katen [24]
3 years ago
8

On June 30 Gomez Corporation discontinued its operations in Mexico. On September 1 Gomez disposed of the Mexico facility at a pr

etax loss of $680,000. The applicable tax rate is 25%. Show the discontinued operations section of Gomez's income statement.Discontinued OperationsLoss on disposal of Mexico facility, net of $ 170,000 tax $_____?_______
Business
1 answer:
Kipish [7]3 years ago
4 0

Answer:

- $510,000

Explanation:

Discontinued Operations:

Pretax Loss = $680,000

Applicable tax rate = 25%

After Tax Loss = Pretax Loss × (100% - Applicable tax rate)

                        = $680,000 × (100% - 25%)

                        = $680,000 × 75%

                        = - $510,000

Loss on Disposal of Discontinued Operations = - $510,000

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Answer:  Expectations of loyalty and integrity

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A Code of Ethics is a guide of principles designed to help professionals manage their businesses.

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3 years ago
Discretionary fiscal policy is defined as fiscal policy Group of answer choices initiated by a Presidential proclamation. left t
Galina-37 [17]

Discretionary fiscal policy is defined as fiscal policy triggered by the state of the economy.

<h3>What is discretionary fiscal policy?</h3>

This refers to the decision of the federal government to increase or decrease taxes. Here, the changes in taxes are subject to the president and congress approval.

Hence, discretionary fiscal policy is defined as fiscal policy triggered by the state of the economy.

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4 0
2 years ago
Bowzer Co. has just received $2.7 million from the sale of one of its divisions. The company has 375,000 shares outstanding that
Readme [11.4K]

Answer:

$76.93 per share

Explanation:

The computation of ex-dividend stock price is shown below:-

Sale of division = $2,7,00,000

Outstanding shares = 375,000

Dividend per share = Sale of division ÷ Outstanding shares

= $2,7,00,000 ÷ 375,000

= $7.2

Stock price after dividend = Sold shares - Dividend per share

= $84.13 - $7.2

= $76.93 per share

Therefore for computing the stock price per dividend we simply subtract dividend per share from sold shares.

3 0
3 years ago
Read the following paragraph and respond to the questions below.
-Dominant- [34]

Answer:

a. The number sentence that is the topic sentence is sentence (1).

b. Sentence (6) does not contribute to the paragraph's unity.  It can be eliminated, without changing the meaning that can be obtained from the paragraph.  It does not support the topic.

c. The writer, in sentences 3 through 7, provides an example and further details to help the reader to understand her point.

d. The example in a sentence makes the idea clearer to the reader.  Without the example, which provides further details, the reader may not clearly appreciate the topic under discussion.

Explanation:

The purpose of the topic sentence is to introduce the theme of the paragraph or the point of view of the writer.  It captures the essence of the story.  As it bears the central idea, it focuses the paragraph to achieve unity.

5 0
2 years ago
How to be a successful entrepreneur?
pishuonlain [190]

Answer:

Don’t take ‘no’ for an answer

Learn from the best

Stay hungry and ambitious

Never stand still; evolve with the times

Nurture long-term business relationships

Inspire those around you

Trust your gut instinct, not just your spreadsheet

Explanation:

It takes hard work and dedication and they are many free sources that is available today such as videos

7 0
2 years ago
Read 2 more answers
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