1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Komok [63]
2 years ago
7

During 2019, Lopez Corporation disposed of Pine Division, a major component of its business. Lopez realized a gain of $2,400,000

, net of taxes, on the sale of Pine's assets. Pine's operating losses, net of taxes, were $2,800,000 in 2019. What is the gain or loss from discontinued operations reported net of taxes
Business
1 answer:
drek231 [11]2 years ago
6 0

Answer:

Continued operation = 0

Discontinued operation = $400,000

Explanation:

Lopez corporation realized a gain of $2,400,000

Pine operating losses were $2,800,000

Therefore the loss or gain from discontinued operation can be calculated as follows

= $2,400,000-$2,800,000

= -$400,000

= $400,000 loss

Hence continued operation is 0 and discontinued operation is $400,000

You might be interested in
Jones Company possesses a 25 percent interest in the outstanding voting shares of Sandridge Company. Under what circumstances mi
coldgirl [10]

Answer:

Jones may decide that the equity method would not be appropriate to account for the investment when Jones Company does not have significant influences over the management/operation of Sandridge Company.

Although an investors holding from 25% of investee is very much likely to have significant influences on the investee, this may not be true all over the times. For Jones, to prove that it does not have significant influences over Sandridge, there may be some following evidences:

+ Jones and Sandridge sign an agreement that Jones surrenders  significant rights as a shareholder;

+ There is/are investor(s)/group(s) of investors who has more voting right than Jones and whose visionary/mission for Sandridge is opposite to Jones's.

+ Sandridge tries to reject Jones' influences on its management by seeking lawsuit or by successfully prevent representatives from Jones on its Board of Directors.

Explanation:

8 0
3 years ago
Instructions: You may select more than one answer. Click the box with a check mark for correct answers and click to empty the bo
grigory [225]

Answer:

The correct options are as follows

Buyers will pay all of the tax.

The price of Humbugs will rise to $60.

The quantity of Humbugs demanded will not change.

Explanation:

As the question is not complete, the complete question is found online and is attached herewith.

The options given are as follows

Sellers will pay all of the tax.

Buyers will pay all of the tax.

The price of Humbugs will rise to $60.

The price of Humbugs will rise by less than $10.

The quantity of Humbugs demanded will not change.

Now option 1 is not correct as the buyer has to pay the tax not the seller.

option 2 is correct

option 3 is correct

option 4 is not correct as the initial price is $50 and the new price is to be more than $60 thus the rise is more than $10.

option 5 is correct as the demand of the hamburger will remain the same.

5 0
3 years ago
Use the graph to answer the question that follows. Graph has quantity along the horizontal axis and price along the vertical axi
Jlenok [28]

The statement that would describe the shift from D1 to D2 is Demand for the product increased.

<h3>Why was there a shift from D1 to D2?</h3>

D2 is a curve that is to the right of D1 which means that it represents a higher level of demand for goods and services.

This means that for the demand to move from D1 to D2, there must have been an increase in the demand for the good or service and this could have been for any number of reasons including a reduction in the price of complimentary goods.

Find out more on determinants of demand at brainly.com/question/1245771

#SPJ1

8 0
1 year ago
Currently you purchase ten frozen pizza per month. You will graduate from college in December, and you will start a new (high-pa
bogdanovich [222]

Answer:

Inferior good

Explanation:

Inferior goods are those type or the kind of goods whose demand falls or decline when the income of the person or customer or individual rises or increases.

In short, the demand of the inferior goods is related inversely to the customer or person income.

So, in this case, the person bought 10 frozen pizzas per month, but when the person start earning, then the person would not buy the frozen pizzas. The frozen pizza will be inferior good for the person as the income of the person will rise.

7 0
3 years ago
Select all that apply Benefits of small amounts of inflation include Multiple select question. more expansionary monetary policy
EleoNora [17]

Benefits of small amounts of inflation include more expansionary monetary policy, the placebo effect, and the facilitation of relative price changes.

<h3>What is meant by inflation?</h3>

Inflation is the term used to describe the rate of price rise for goods and services.

It is sometimes used to categorize inflation according to cost-push, demand-pull, and built-in factors.

The two most popular inflation measures are the Consumer Price Index and the Wholesale Price Index.

Inflation can be viewed favorably or badly depending on the perspective and rate of change.

Inflation may be advantageous for those who own tangible assets since it will raise the value of their holdings, such as real estate or goods that are kept in storage.

Inflation's primary causes include:

  • Consumer-driven inflation
  • Price-driven inflation
  • more money available
  • Devaluation
  • increasing pay
  • Regulations and policies

Benefits of Inflation: In order to meet increasing demand, production must increase. Additionally, debtors benefit from inflation because they can return their loans with funds that are less valuable than the funds they borrowed. This promotes borrowing and lending, which boosts expenditure on all levels once more.

To know more about inflation refer to:  brainly.com/question/15692461

#SPJ4

6 0
2 years ago
Other questions:
  • true or false: a supply curve describes how much a producer of services are willing to sell at different prices
    5·1 answer
  • g Our company purchases $4,000 worth of merchandise inventory on credit with the terms 2/10, n/30. Transportation costs were an
    12·1 answer
  • A shocking fact: 66% of all teenagers have a tv set in their room. if an opinion poll chooses an srs of 1000 teens and asks if t
    5·1 answer
  • On May 1, Shilling Company sold merchandise in the amount of $5,800 to Anders, with credit terms of 2/10, n/30. The cost of the
    6·1 answer
  • Seth Silver had the following items of income during the taxable year: Interest income from a checking account $1,000 Interest i
    9·1 answer
  • The central bank buys $1,000 of government securities only from commercial banks. The maximum change in excess reserves, banking
    10·1 answer
  • DrexlerDrexler had no stock transactions in 20182018​, so the change in​ stockholders' equity for 20182018 was due to net income
    11·1 answer
  • In marketing, we define a product as: a. Consumer product that the customer usually buys frequently, immediately, and with a min
    6·1 answer
  • your company’s marketing manager implements the company’s new marketing strategy and tactics on the market. what types of inform
    9·1 answer
  • g When choosing a forecasting technique, a critical trade-off that must be considered is that between: time series and associati
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!