Reference no: EM133497189
Queation 1: -Oriole Ltd. has profit from continuing operations of $350,000 for the year ended December 31, 2024. It also has the following before considering income tax: a net gain of $73,000 from the discontinuance of a component of the entity, which includes a $99,000 profit
from the operation of the segment and a $26,000 loss on its disposal.
Assume that the income tax rate on all items is 30%.
a partial income statement, beginning with profit from continuing operations, using the all-inclusive format.
ORIOLE LTD
Partial Statement of Income
Question 2: -On January 1, 2024, Oriole Corporation had retained earnings of $690,000. During the year, Oriole had the following selected transactions:
1. Declared and paid cash dividends, $265,000.
2.Earned profit before income tax, $800.000.
3.Corrected a prior period error of $92,000, before income tax, which resulted in an understatement of profit in 2023.
4.Reacquired 30,000 common shares for $60,000 more than the original issue price. This was the first time the company had ever reacquired its own shares.
5. Completed a 3-for-1 stock split of the common shares.
Oriole has a 25% income tax rate and reports under ASPE.
statment of retained earnings for the year ended dec31 2024
Question 3:
Sandhill Lake Corp. issues a $648,000, 4-year, 5% note payable on March 31, 2024. The terms provide for fixed principal payments annually of $162.000.
balance sheet presntation of the current and non current liabilitites to notes as at march 31 2025
Questuon 4 :
On January 1, 2024, Ivanhoe Corp. borrows $20,000 by signing a 3-year, 7% note payable. The note is repayable in three annual blended payments of $7,621 on December 31 of each year.
What amounts would be reported as current and non current liabilities section of ivanhoes balance sheet at dec 31,2024
Question 5:
1.The lessee makes a lease payment of $99,200 to the lessor for equipment in an operating lease transaction.
2.Cullumber Company leases equipment from Noble Construction Inc. The present value of the lease payments is $868,000.
The lease qualifies as a capital lease.
journal entries that the Leese should make to record the above transaction asasuming that the entities are under ASPE
|
Explain the key differences among hubs, switches, and router
: Design a network for this company to support file, print, and web services. In a separate attachment, create a high-level network diagram that captures
|
|
Should forever pure buy the new production equipment
: If total sales are expected to be 23,000 units, should Forever Pure buy the new production equipment? Assess lessons learned concerning cost-volume-profit
|
|
Identify two countries other than the united states
: Identify at least two countries other than the United States, whose governments fully comply with the Trafficking Victims Protection Act's minimum standards.
|
|
Describe the reimbursement mechanisms for aprns
: Describe the reimbursement mechanisms (Medicare, Medicaid private insurers and HMOs) for APRNs. Can APRNs own their own practices in your state? Why or why not?
|
|
What amounts would be reported as current
: What amounts would be reported as current and non current liabilities section of ivanhoes balance sheet at dec 31,2024
|
|
Explain how messages are sent using pki
: Provide a PKI introduction slide, and explain cryptography and how PKI works. - Explain how messages are sent using PKI (use graphics and text).
|
|
State the reasons why you would report to management
: State the reasons why you would report to management, significant weaknesses in internal control and the principal limitations on the use of such a report
|
|
Define respectful communication
: Describe in detail behavior that defines, for you, "respectful communication." What does it mean to give a person his or her dignity?
|
|
Explain process of how individual may given a deviant title
: Explain the process of how an individual may be given a deviant title by society (audience) as well as how the individual may internalize such a label.
|