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horsena [70]
3 years ago
5

Colfax Corporation's financial statements for the current year include the following: Income from continuing operations before t

ax $ 780,400 Income tax expense $ 84,000 Prior period adjustment (decrease in prior year net income, net of taxes) $ 125,800 Cash dividends paid to preferred stockholders $ 133,320 Gain from discontinued operations (net of taxes) $ 743,200 Non-recurring loss $ 188,400 On the basis of this information, net income for the current year is:
Business
1 answer:
crimeas [40]3 years ago
3 0

Answer:

$1,439,600 $780,400 − $84,000 + $743,200 = $1,439,600; the non-recurring loss is already included in income from continuing operations is the correct answer.

Explanation:

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7. A decrease in supply will result in which of the following?
Inga [223]

Explanation:

C. Both demand and supply change

8 0
2 years ago
Read 2 more answers
The statement of stockholders' equity includes these amounts:______
Mariana [72]

These sums are included in the period's ending balance, retained profits, dividends, and net income in the statement of stockholders' equity.

Stockholder equity, often known as shareholders' equity or owners' equity, is the amount of assets left over for shareholders to use after all liabilities have been settled. It is determined by subtracting a company's total assets from its total liabilities, or alternatively by adding its share capital and retained earnings and deducting its treasury shares. Among the possible components of shareholders' equity are common stock, paid-in capital, retained earnings, and treasury stock.

Stockholders' equity can conceptually be used to assess the amount of money a company has kept on hand. If this number is negative, a business may be on the verge of bankruptcy, especially if there is also a substantial debt obligation.

There are two main sources of Stockholder equity, which is also known as the company's book value. The money that was initially and subsequently invested in the business through share offerings is the first source. The company's retained profits (RE), which are accumulated over time as a result of its operations, make up the second source. Retained earnings typically make up the greatest portion, especially when dealing with businesses that have been around for a while.

Learn more about Stockholder equity here

brainly.com/question/13278063

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5 0
1 year ago
As a general rule, large teams make need satisfaction for individuals more difficult. (1pts)
dimulka [17.4K]

Answer: true

<span>The larger the  people on a team, the larger the potential interactions of people with different personalities .  If the team is  not  composed of a right combination of  people, need satisfaction for individuals are more difficult and the higher  the chance that a project  can become frustrating. </span>

6 0
3 years ago
Cory is working on a global marketing assessment team looking out well into the future to help determine the most attractive mar
grin007 [14]

Answer:

The correct answer is letter "A": countries with high purchasing power today may not continue to show the same growth in the future.

Explanation:

Even if during the past decade the world's major economies have been the same -<em>The U.S., Japan, China, Russia, and Germany</em>- it does not necessarily mean the scenario will not change for the next one hundred years. Some other countries like Saudi Arabia, Switzerland, Belize, Luxembourg, and Australia have started to show signs of increasing development that could turn the worldwide economy into a new direction. The last five (5) countries are reported as being the top nations with the highest purchasing power for 2018.

7 0
3 years ago
The following totals for the month of March were taken from the payroll records of Pharoah Company. Salaries $334800 FICA taxes
-Dominant- [34]

Answer:

debit to Payroll Tax Expense for $44990

Explanation:

The journal entry is as follows

Payroll Tax Expense A/c                 Dr. $44,990

      To FICA taxes withheld                                          $25,610

      To Federal unemployment taxes                           $2,680

      To State unemployment taxes                               $16,700

(Being the accrual of employer’s payroll taxes is recorded)

For computing the payroll tax expense we simply added the FICA taxes withheld, federal unemployment taxes, and the state unemployment taxes

8 0
3 years ago
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