Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
During 2011, Comet Cares, Inc. decided to sell an unprofitable segment of its business. The sale of this segment qualifies as a discontinued operation for financial reporting purposes. However, at the end of 2011, Comet had yet to sell the segment. On December 31, 2011 the segment assets had a fair value minus anticipated costs to sell of $3,500,000 and a book value of $3,700,000. For the year, the segment reported an operating loss of $500,000. In January of 2012, Comet Cares sold the segment for $3,600,000. Operating losses in the first month of 2012 amounted to $45,000. Assume a 40% tax rate in both 2011 and 2012.a) What is the after-tax dollar value impact of the discontinued operation on 2011 Net Income (use ( ) for a decrease)?
b) What is the after-tax dollar value impact of the discontinued operation on 2012 Net Income (use ( ) for a decrease)?
Would each of the following increase, decrease, or have an indeterminant effect on a firm's breakeven point (unit sales)?
Year to date, the actual overhead is $15,500,000 and the actual machine hours are 220,000 hours. If the Thomlin Company uses a predetermined overhead rate based on machine hours for applying overhead, what is that overhead rate?
drake companys income statement for the most recent year appears below.sales 45000
the concept of depreciation is to allow a current deduction for the reduced value of the thing being used. since using
On May 1, 2011, $120,000 of the bonds were redeemed at 111. How much, and what type of gain or loss, most likely results from this redemption?
pueblo co. acquires machinery by paying 10970 cash and signing a 4400 2-year zero-interest-bearing note payable. the
When you are preparing a partial balance sheet for a 2 year period showing any items related to the contract in a percentage of completion method how do you figure out your accounts receivable, construction in progress and billings figures?
The mixing department to the packaging department in May - record the transfer of costs from the packaging department to Finished Goods Inventory in May.
State the null hypothesis. What statistical test should you use? What are the degree of freedom associated with the test statistic?
write a 700- to 1050-word paper describing how information systems are changing various aspects of the accounting
If Colgate's equity cost of capital is 8.5% per year and its dividend payout ratio remains constant, for what price does the dividend-discount model predict Colgate stock should sell?
For years the FASB had little interest in pursuing international harmonization projects. What prompted its seemingly new interest in 2002 to work with the IASB in such a cooperative manner?
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd