User Account

All Pages

How should deer report the component operation

Assignment Help Accounting Basics
Reference no: EM133129728

Question - On January 1, 2021, Deer Company had a division that met the criteria for discontinuance of a business component. For the period January 1 through October 15, 2021, the component had revenue of P500,000 and expenses of P800,000. The assets of the component were sold on October 15, 2021 at a loss of P100,000. How should Deer report the component's operation for 2021?

Reference no: EM133129728

Questions Cloud

Explain about accounting ratios : Select any five of the following accounting ratios and explain fully what information they provide to guide decision-making by the users of financial statements
What is the total cost of the job : The company applies overhead at the end of each month at a rate of 200% of the direct labor cost incurred. What is the total cost of the job
Identify and discuss the various risks and ethical issues : Identify and discuss the various risks and ethical issues to be considered when launching as well as investing in a start-up
Calculate the amount of revenue and gross profit or loss : In 2022, costs incurred were $2,644,000 with remaining costs estimated to be $3,780,000. Calculate the amount of revenue and gross profit or loss
How should deer report the component operation : The assets of the component were sold on October 15, 2021 at a loss of P100,000. How should Deer report the component's operation for 2021
Determine the net income for the period amounts : The 40% cost of sales amounted to P482,000, and the Operating expenses represented 17% of the gross sales. Determine the net income for the period amounts
Calculate the current, quick and cash ratio : Selected items from Excellent Company's Statement of Financial Position had balances as follows: Cash 455,000. Calculate the current, quick and cash ratio
Explain the key concepts of business analysis planning : Explain the key concepts of business analysis planning and monitoring and explain and relate key concepts and applications of business object modelling
Case-kalamazoo brewing company : Suppose the Kalamazoo Brewing Company (KBC) currently sells its microbrews in a seven-state area: Illinois, Indiana, Michigan, Minnesota, Mississippi, Ohio, and

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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