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Aneli [31]
3 years ago
8

Which of the following best explains why the taxes on discontinued operations are reported separately from taxes on continuing o

perations? Multiple Choice The tax rate applied to discontinued operations typically is lower than that applied to continuing operations. The taxes on discontinued operations are not expected to recur in future years. The tax rate applied to discontinued operations typically is higher than that applied to continuing operations. Companies are allowed to delay tax payments for discontinued operations for up to five years.
Business
1 answer:
Inessa05 [86]3 years ago
4 0

Answer:

The statement that best explains why the taxes on discontinued operations are reported separately from taxes on continuing operations is:

The taxes on discontinued operations are not expected to recur in future years.

Explanation:

Discontinued operations refer to the cessation of some business activities or segments.  They are usually reported as a separate line item.  Therefore, all the gains and losses for that discontinued division must be reported separately on the company's income statement. The purpose is to distinguish them from those of continuing operations.

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On November 10 of the current year, Flores Mills sold carpet to a customer for $8,000 with credit terms 2/10, n/30. Flores uses
PtichkaEL [24]

Answer:

Following are the solution to this question:

Explanation:

In all the given choices some of the data is missing so, its correct entry can be defined as follows  

Cash account $7,840

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8 0
3 years ago
True Tomato Inc. makes organic ketchup. To promote its products, this firm decided to make bottles in the shape of tomatoes. To
Amanda [17]

Answer:

The answer is: Physical asset specificity

Explanation:

In a business to business relationship, physical asset specificity refers to an asset, or product or service designed to fit a particular or specialized customer's need.

In this case, True Tomato needs a very specific type of bottle that probably no other ketchup manufacturer may use or want to use. So their bottle supplier specifically manufactures the tomato shaped bottle to meet True Tomato's specific requirements.

3 0
3 years ago
Bella Donna Company has 100,000 shares of $3 par common stock issued and outstanding as of January 1, 2018. The shares were orig
kondaur [170]

Answer:

The balance in the paid in capital in excess of par will be $478,950.

Explanation:

As 4,210 shares is retired and each shares carries a $5 Paid-in capital in excess of par ( Issued price - Par value = $8 - $3 = $5), the retirement of 4,210 shares will include the clear of 4,210 x 5 = $21,050 in Paid-in capital in excess of par.

The beginning balance of the Paid-in capital in excess of par account = (8 -3) x 100,000 = 300,000

=> The remaining balance of the Paid-in capital in excess of par account = 500,000 - 21,050 = $478,950.

So, the answer is $478,950.

8 0
3 years ago
The point at which birth and death rates balance is called
yawa3891 [41]

Answer:

B balancing growth

Explanation:

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3 years ago
your company is trying to decide between two alternatives,truck a is relatively cheap truck cost $100000 and has 6 years life du
Masja [62]

Answer:

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3 years ago
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