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Vilka [71]
2 years ago
7

Finley Corporation had income from continuing operations of $10,600,000 in 2014. During 2014, it disposed of its restaurant divi

sion at an after-tax loss of $189,000. Prior to disposal, the division operated at a loss of $315,000 (net of tax) in 2014. Finley had 10,000,000 shares of common stock outstanding during 2014. Prepare a partial income statement for Finley beginning with income from continuing operations.
Business
1 answer:
gulaghasi [49]2 years ago
3 0

Answer:

The answer is "$1.01"

Explanation:

Revenue from operations $10,600,000

Operations discontinued

Loss of discontinued operation

Division of restaurant (net of tax)

$315,000

Loss of diner disposal

division (net of tax)

189,000

504,000

$10,096,000 in net income

Start sharing income

Revenue from operations $1.06

Net of tax (0.05)* Discontinued transactions

$1.01 Net Revenue

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Isabella needs to create a mini-presentation with her group for an advertising campaign project in her marketing class. What typ
Eva8 [605]

Answer: Social learning

Explanation:

Isabella is involved in social learning with her learning group, in preparation for her mini-presentation on an advertisement campaign.

Social learning involves a form of learning done in groups where ideas are exchanged and learning is enhanced.

5 0
3 years ago
Wally Corporation acquired 70 percent of the common shares and 60 percent of the preferred shares of Safety Corporation at under
Alika [10]

Answer:

$80,000

Explanation:

The entire amount of net income of $80,000 Safety by First for the year 2006 will be considered as a part of the consolidated income and will get distributed between controlling and non-controlling interest in the relevant proportion.

3 0
3 years ago
Morris Company applies overhead based on direct labor costs. For the current year, Morris Company estimated total overhead costs
alekssr [168]

Answer:

As overhead was underapplied, the balance in overhead will be $33,000 credit.

Explanation:

<u>First, we need to calculate the predetermined overhead rate:</u>

<u></u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 452,000 / 2,260,000

Predetermined manufacturing overhead rate= $0.2 per direct labor dollar

<u>Now, we can allocate costs:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 0.2*1,930,000

Allocated MOH= $386,000

<u>Finally, we determine the over/under allocation:</u>

Under/over applied overhead= real overhead - allocated overhead

Under/over applied overhead=  419,000 - 386,000

Underapplied overhead= $33,000

As overhead was underapplied, the balance in overhead will be $33,000 credit.

8 0
2 years ago
The following table summarizes Nowman's non-cancelable operating lease payments with remaining terms in excess of one year for t
Anna007 [38]

Answer:

$1,872,000

Explanation:

The amount of operating lease obligation that needs to be reported on the balance sheet on December 31, 2018 is the total  lease payment in next following years

= $220,000 + $180,000 + $240,000 + $210,000 + $190,000 + $832,000

= $1,872,000

If you want to know the payment lease in 2024 - 2027, we do as following:

The average of prior years between 2019 to 2023

= ($220,000 + $180,000 + $240,000 + $210,000 + $190,000)/ 5 years

= $208,000

And for years after 2023, the annual lease payment should be treated as the average of prior years between 2019 to 2023, then lease payment in 2024 - 2027 is $208,000 annually. Total $832,000 in 4 years.

8 0
3 years ago
Joe has been unable to find a job because he lacks the necessary computer skills. Joe is Group of answer choices frictionally un
Nikolay [14]

If Joe has been unable to find a job because he lacks the necessary computer skills. Joe is Structurally unemployed.

<h3>
What is structurally unemployed?</h3>

Structurally unemployed can be defined as the way in which a person is unable to find a job that matches his/her skills.

A structurally unemployed person may tend to find if difficult securing a job despite jobs are available because the skill the person possess does not match the skills that the company are looking for .

Therefore the correct option is D.

Learn more about Structurally unemployed here:brainly.com/question/13489895

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6 0
2 years ago
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