Answer
Net income = 2.170.000
Loss from operations of discountinued component = -3.600.000
The answer and procedures of the exercise are attached in a microsoft excel document.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
Answer: See explanation
Explanation:
1. Prepare a single-step income statement for 2017. Shares outstanding during 2017 were 100,000. (Round earnings per share to 2 decimal places, e.g. $1.48.)
The income from continuing operations for earnings per share was calculated as:
= 285000/100000
= $2.85
The loss on discontinued operations was calculated as:
= 35190/100000 shares
= 0.35
Check the attachment for the solution.
2. Prepare aretained earning statement for 2017. Shares outstanding for 2017 were 100000.
Check the attachment for the solution
Answer: 1. $818,000
2. Check attachment
Explanation:
1. The amounts that will be reported for consolidated net income will be $818,000.
(2) Note that for the net income attributable to the non-controlling interest, respectively, in the parent's consolidated financial statements was calculated as:
= ($144,000 - $46,000) × 30%
= $98,000 × 0.3
= $29400
Kindly check the attachment for more analysis.
Answer:
Explanation:
I think it's A.
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