Which a primary of a discontinued operation

Assignment Help Accounting Basics
Reference no: EM132725650

Problem 1: A primary difference between a discontinued operation and a restructuring project is:

Option 1: Discontinued operations involves revaluing long-term assets.

Option 2: Discontinued operations is announced to the public.

Option 3: Discontinued operations requires separable cash flows.

Option 4: Discontinued operations uses a Single step and Restructuring uses a Multi step Income Statement.

Option 5: Discontinued operations potentially has "Assets Held for Sale".

Reference no: EM132725650

Questions Cloud

Four functional areas of business : Provide a total of four findings of fact; 1 from the following four functional areas of business:
What is the January balance in the Freeze Company : Crane Company has a balance in its Accounts Receivable control account of $10,600 on January 1, 2020. What is the January balance in the Freeze Company
Need an accrual entry for the income from haircuts : During June 20X1 Brice has provided 8 haircuts to students, the cost of each haircut is $25. Need an accrual entry for the income from haircuts as at 30/6/X1
What is the incremental impact on profit : Harry Ltd is manufacturing 1,000 units of a product. The present costs and sales data are as follows:
Which a primary of a discontinued operation : Which a primary difference between a discontinued operation and a restructuring project is? Discontinued operations involves revaluing long-term assets.
Why is vanguard ceo tim buckley viewing innovation : What recommendations would you have for Mr. Buckley to leverage innovation for competitive advantage? Be specific.
Calculate the incremental income : The cost of reworking the Jackets will be $101,100, but the jackets can then be sold for their regular price of $44.00 each. Calculate the Incremental Income
Allocate costs of maintenance and it support departments : Use the direct method to allocate the costs of maintenance and IT support departments to assembly and machining departments.
How the total fund balance would be displayed at year-end : On July 1, the start of its fiscal year, Show how the total fund balance (including the unassigned and committed portions) would be displayed at year-end.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Computing the gain or loss for commercial substance

Peanut corporation exchanged land and cash of $6,500 for equipment. the land had a book value of $45,000 and a fair value of $34,000. assume the exchange has commercial substance. compute the gain or loss?

  Prepare a single journal entry to record these costs

Prepare a single journal entry to record these costs incurred by Cerner, all of which are paid in cash

  Determine the net income-loss

On December 15, 2020, the board of directors declared a $260,000 dividend payable on January 31, 2021. Determine the Net income/loss

  Determine entry would be used to close the dividends account

The balance in the Retained earnings account before closing is $82,000. Which of the following entries would be used to close the dividends account?

  Prepare a performance report for the month of october

Delaney Company has the following flexible budget formulas and amounts: Prepare a performance report for the month of October

  What is the correct adjusted entry to record the installment

What is the correct adjusted entry to record the installment sales? The old machine is estimated to have a resale value of P 70,000 after incurring recondition

  Compute berclair earnings per share for the year ended dec

On December 31, 2020, Berclair Inc. had 200 million shares of common stock. Compute Berclair's earnings per share for the year ended December 31, 2021.

  The acid-test ratio which uses quick assets in the

the trial balance of maritime company included the following account balances cash 25000 short-term investments 10000

  What are the various attributes of integrated reporting

What are the various attributes of integrated reporting which produce a conducive environment for a stakeholder orientation to corporate reporting to flourish

  Make a preliminary assessment of materiality for audit

Relco is a high technology company, which, over its 13-year history, has grown rapidly. Relco operates in an industry characterized by heavy expenditures

  Defined contribution plans and defined benefit plans

How does a pension plan differ from a 401(k) plan? As an employee, would you rather have a pension plan or a 401(k) plan?

  Xyz company has two service departments maintenance and

xyz company has two service departments maintenance and personnel and two producing departments printing and

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!

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