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On December 31, 2016, the end of the fiscal year, California Microtech Corporation completed the sale of its semiconductor business for $7 million. The business segment qualifies as a component of the entity according to GAAP. The book value of the assets of the segment was $8 million. The loss from operations of the segment during 2016 was $3.6 million. Pretax income from continuing operations for the year totaled $5.8 million. The income tax rate is 30%.
Prepare the lower portion of the 2016 income statement beginning with pretax income from continuing operations. Ignore EPS disclosures.
calculation of depreciation for plant assets.1.nbspnbsppine company purchased a depreciable asset for 360000. the
Iidentified an impairment with regard to the equipment and the equipment is accordingly stated at recoverable amount.
Convert the divisional absorption income statement to a contribution margin income statement for the quarter and prepare absorption and contribution margin income statements for the succeeding quarter for the division.
Smith company had an unfavorable total direct labor variance. In this case it would NOT be possible for the direct labor price and usage variances, respectively, to be
At the end of each year, Gibson still owned 30% of the goods. Net income for Sparis was $912,00 during 2011. What was the noncontrolling interest's share of Sparis net income for 2011?
dupont performance analysis and residual income analysis.milano corporation has three operating divisions and requires
Determine the IRR for Blue Snow's snowboard project and determine the NPV for Blue Snow's snowboard project
Video Planet ("VP") sells a big screen TV package consisting of a 60-inch plasma TV, a universal remote, and on-site installation by VP staff. The installation includes programming the remote to have the TV interface with other parts of the customer’..
Determine EPS under IFRS rules; Criticize and Defend IFRS Accounting; Evaluate and present the difference in EPS and Net Income between US GAAP and IFRS;
Discuss the advantages and the disadvantages of why a company would use these performance measures. How are these three measures related?
Using the data from the Koko Company, determine the divisional income from operations for the A and B regions.
A private company that designs, manufactures and distributes certain consumer products. In this fiscal year, Detox had revenues of $325M and earnings of $15M. Detox company has filed a registration statement with the SEC for its IPO.
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