Answer:
$2,560,000
Explanation:
impairment loss = division's book value - division's fair market value = $3,080,000 - $2,320,000 = $760,000
Assets held for sale are no longer depreciated, but they must be recorded at lower value between carrying cost and fair market value. Since the fair market value is lower than carrying value, then an impairment loss results.
loss on discontinued operations = loss from operations 2019 + impairment loss = $1,800,000 + $760,000 = $2,560,000
D interest is the price paid for usong someone elses moneu
Answer:
The true cash balance was $6,140
Explanation:
The computation of the true cash balance of the bank statement is shown below:
= Bank balance + deposit in transit + bank error - outstanding checks
= $8,900 + $3,750 + $610 - $7,120
= $6,140
The other information which is given in the question i.e NSF checks, banks ervice charge is for adjusting the cash balance. Hence, we do not consider it