A company has decided to discontinue a component of its business and sells the component by the end of the year. The amount that the company would report as income from discontinued operations is (ignore tax effects) : A. income from operations for the year and either a gain or loss on the disposal of the component's assets. B. only income from operations for the year C. income from operations for the year and only a loss on the disposal of the component's assets. D. only the gain or loss on the disposal of the component's assets
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A company has decided to discontinue a component of its business and sells the component by the end of the year. The amount that the ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
A company currently has 200,000 shares issued and 190,000 shares outstanding. If the company purchases 20,000 shares of treasury stock, what amount of shares will be outstanding?
Answers (1)
Income statement information for Sadie Company is below: Sales $175,000 Cost of goods sold 115,000 Gross profit $ 60,000 1. Using vertical analysis of the income statement for Sadie Company, determine the gross profit margin.
Answers (1)
Concord Corporation owns a patent that has a carrying amount of $270,000. Concord expects future net cash flows from this patent to total $200,000. The fair value of the patent is $125,000.
Answers (1)
The demand curve of a monopolistically competitive firm A. is perfectly elastic. B. is horizontal because the firm must cut its price to sell more. C. is downwardminus-sloping because it sells an identical product. D.
Answers (1)
It usually takes less time to buy a six-pack of Pepsi, a loaf of bread, and a bag of potato chips at a small convenience store (such as 7-Eleven) than at a large, full-service grocery store.
Answers (1)
New Questions in Business
The structural support structure must lift the pipeline above the ground to allow free passage of wildlife under the pipeline. The loading on each truss support must be determined by calculating the weight of oil and of the pipe over each support.
Answers (1)
How is a gas different from a solid or a liquid? A. A gas is made of tiny particles. B. A gas has volume. C. A gas expands to fill the container. D. A gas has density. TY
Answers (1)
Property-tax revenues for the county were reported at $770,000 on its governmental funds statement, but property-tax revenues on the county's government-wide statement of activities were reported at $800,000. Why did this difference arise?
Answers (1)
At the beginning of the period, the Assembly Department budgeted direct labor of $110,000, direct materials of $170,000, and fixed factory overhead of $28,000 for 8,000 hours of production.
Answers (1)
Sunny Day Manufacturing Company has a current stock price of $33.35 per share, and is expected to pay a per-share dividend of $2.03 at the end of the year.
Answers (1)