User Account

All Pages

Find what is the income from continuing operations

Assignment Help Financial Accounting
Reference no: EM132651974

Blossom Company. follows IFRS and has the following amounts for the year ended December 31, 2020: gain on sale of FV-NI investments (before tax), $14,600; loss from operation of discontinued division (net of tax), $40,800; income from operations (before tax), $219,000; unrealized holding gain-OCI (net of tax), $11,600; income tax on income from continuing operations, $61,400; loss from disposal of discontinued division (net of tax), $73,500. The unrealized holding gain-OCI relates to investments that are not quoted in an active market.

Question 1: What is the net income ?

Question 2: What is the income from continuing operations?

Question 3: what is the other comprehensive income?

Question 4: What is the comprehensive income?

Reference no: EM132651974

Questions Cloud

Calculate the value of a share assuming a zero growth : A firm has an expected dividend next year of $3.60 and a required return of 12 percent. Calculate the value of a share assuming a zero growth rate of dividends.
Manage risk within organizations and enterprises : This week give a good discussion and look at some of the frameworks that are used to manage risk within organizations and enterprises.
Calculate the yield to maturity of bond-noor industries : The bond will mature in ten years and currently sells for $1,250. Use the approximation formula to calculate the yield to maturity (YTM) of this bond.
Prepare an income statement - single-step approach : Prepare an income statement for 2020 using the (1) single-step approach and (2) multiple-step approach. What are the advantages and disadvantages of each
Find what is the income from continuing operations : Find What is the income from continuing operations? what is the other comprehensive income? What is the comprehensive income?
Compute the amount of cash to be reported : An I.O.U. from Marianne Koch, a company customer, in the amount of P190,000. Compute the amount of cash to be reported
Provide supporting argument that stereotypes are not dying : Provide supporting argument that Stereotypes are NOT dying.
What of the ways the company could finance the company : What of the ways the company could finance the company without significant negative changes to the above financial metrics (ratios)?
What leadership style would you like to use : 1. Can a manager be effective if he or she does not have leadership skills? Explain youranswer.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd