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:
Answer:
D) $21.6B
Explanation:
Market capitalization equals the total number of outstanding share multiplied by the sare price, therefore:
Market Capitalization = 360,000,000 shares x $60 price per share
= $21,600,000,000
Thus, the total market capitalization is $21.6 billion
Answer:
The answer is below
Explanation:
Given that Section 1231 assets are a term that is used to describe the real or depreciable trading property acquired for more than a year. For example, landed property, buildings, etc.
Hence, in this case, the correct answer or statement to the question are:
1. If Section 1231 assets are sold and the taxpayer has a realized loss, the loss is a fully deductible ordinary loss
2. If Section 1231 assets held long-term are sold for a realized gain, the taxpayer has a potential long term capital gain that may be taxed at favorable capital gains rates but this result often does not occur