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Finley corporation had income from continuing operations of $10,600,000 in 2012. During 2012, it disposed of its restaurant division at an aftertax loss of $189,000. Prior to disposal, the division operated at a loss of $315,000 (net of tax) in 2012. Finley had 10,000,000 shares of common stock outstanding during 2012. Perpare a partial income statement for Finley beginning with income from continuing operations.
At the date of transfer the land and equipment had fair values of $72,000 and $65,000, respectively. Gleason had been depreciating the equipment on a straight-line basis over ten years with no salvage value.
on august 1 stuart co. issued 1300000 of 20-year 9 bonds dated august 1 for 1225000.nbspnbspinterest is payable
on june 30 2007 semiannual secured bonds having a face value of 200000 a life of 10 years and a coupon rate of 7 were
keller cosmetics maintains an operating profit margin of 6.0 and asset turnover ratio of 4.0. a. what is its roa? round
What is online sales system, differentiate between physical based and non physical based online sales system - list at least FIVE components of online sales system and brief explain the role of each department.
If this expected level of production and sales occurs and plant expansion is not needed, how should this increase affect next year's total amounts for the following costs.
on january 1 2011 morrison inc. bought some equipment by signing a non-interest-bearing note for 160000. the note is to
welch company which expects to start operations on january 1 2011 will sell digital cameras in shopping malls. welch
The truck was assigned an estimated useful life of 100,000 miles and has a residual value of $10,000. The truck was driven 18,000 miles in 2008 and 22,000 miles in 2009. Compute depreciation expense using the units-of-activity method for the years..
dutson company manufactures running shoes and tennis shoes. the projected income statments for the two products are as
1 in 2013 company a sold inventory costing 100 to its fully-owned subsidiary company b for 150. the entire inventory
on july 1 2013 apache company sold a parcel of undeveloped land to a construction company for 3100000. the book value
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