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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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Neko [114]

Answer:

The correct answer is "$54000".

Explanation:

According to the question,

Annual depreciation rate will be:

= \frac{100 \ percent}{5}

= 20 (%)

hence,

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= 2\times Annual \ depreciation \ rate\times Beginning \ value

By putting the values, we get

= 2\times 20 \ percent\times 135000

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5 0
2 years ago
Seven months ago, you purchased 140 shares of Mitchum Trading for $50.07 per share. The stock pays a quarterly dividend of $.17
sesenic [268]

Answer:

The answer is $47.6

Explanation:

Solution

Given that

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The quarterly dividend = $.17

The current price = $51.03

So we find the total dividend income you received which is computed below:

The total dividend received = (0.17 * 2) * 140

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Therefore the total dividend of income that you received is $47.6

4 0
2 years ago
What federal laws protects you if you have a complaint regarding consumer credit?
likoan [24]

Answer: The Consumer Credit Protection Act (CCPA)

Explanation:

In 1968, The Consumer Credit Protection Act was enacted was enacted so that people would only received fair credit practices and also to protect the consumers from harm

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8 0
2 years ago
Break Even Analysis 1. A USB thumb drive production line will have $240,000 fixed costs variable costs per unit of $1.97. Each u
melomori [17]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Fixed costs= $240,000

Unitary variable cost= $1.97

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2 years ago
systems play a key role in helping organizations achieve goals, which are set forth in a(n) statement. Computers can be used by
Sergio [31]

Answer:

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Explanation:

8 0
3 years ago
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