Which is included in profit from continuing operations

Assignment Help Accounting Basics
Reference no: EM132756981

Problem 1: Which of the following is included in profit from continuing operations?

a) extraordinary items           c) other comprehensive income
b) discontinued operations    d) income tax expense

Problem 2: According to PFRS 5, assets held for sale are measured at comprehensive income

a) fair value                          c) carrying amount
b) fair value less cost to sale  d) lower of b and c

Reference no: EM132756981

Questions Cloud

Which exploration for and evaluation of mineral resources is : Which Exploration for and evaluation of mineral resources is? the search for mineral resources after the entity has obtained legal rights to explore in specific
Transactional and transformational leader : Describe the differences between a transactional and a transformational leader.
What is ps 2016 consolidated cost of goods sold : The parent firm P holds 100% of the outstanding shares of the subsidiary S. Below you will find excerpts from the income statements for the year ended December.
Prepare quarterly production budgets for each quarter : Management wants an ending inventory each quarter that is equal to 30% of the next quarter's sales. Prepare quarterly production budgets for each quarter
Which is included in profit from continuing operations : Which is included in profit from continuing operations? According to PFRS 5, assets held for sale are measured at comprehensive income
What does aristotle mean by the efficient cause of a thing : What does Aristotle mean by the efficient cause of a thing?
What will the stock price be next year and in five years : Suppose accelerating climate change threatens the water KO needs to produce its products, increasing the riskiness of its business. Investors now require a 12%.
Which gain on impairment reversal on asset held for sale is : According to PFRS 5, gain on impairment reversal on an asset held for sale is? recognized for the fair value of change during the period.
What target cost Cobalt Company should set : Cobalt Company would like a profit of $14 per teapot. What target cost Cobalt Company should set to accomplish this objective

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.

  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!

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