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Eaton, Inc. disposes of an unprofitable segment of its business. The operation of the segment suffered a $360,000 loss in the year of disposal. The loss on disposal of the segment was $180,000. If the tax rate is 30%, and income before income taxes was $2,250,000
A. the income tax expense on the income before discontinued operations is $513,000.
B. the income from continuing operations is $1,575,000.
C. net income is $1,710,000.
D. the losses from discontinued operations are reported net of income taxes at $270,000.
dye company approaches anderson with a special order for 15000 units at a price of 7.50 per unit. variable costs will
Explain why the business structure is the best one for this business and write down a name you would like to give your business.
question millar inc. purchased a truck to use for deliveries and is attempting to evaluate how much depreciation
P&J Chase Company sells $500,000 of 10% bonds on November 1, 2007. The bonds pay interest on May 1 and November 1 and are to yield 12%. The due date on the bonds is May 1, 2011. The accounting period is the calendar year.
The standard wage rate is $12 per hour. ABC manufactured 1,000 fuzzy bears in October. The company used 980 direct labor hours and paid $12.50 per hour. What is labor rate variance? Is the variance favorable or unfavorable?
Chipco paid $15 million of foreign taxes on its foreign-source manufacturing profits and $2 million of foreign taxes on its foreign- source passive investment income. Assume that the U.S. tax rate is 35%. Calculate Chipco’s total foreign tax credit..
Mitchell's usual billing rate is $720 per hour, and Fink's stock has a book value of $340 per share. Illustrate by what amount will Fink's Paid-in capital – excess of par increase for this transaction?
From the provided of list of 10 examples, review and compare Café Market Budgets and their cost of capital (I am to find or recommend usable sites?
prepare vertical analysis.following is the income statement for commerce corporation for the year ended december 31
Buzz corporation sold an office building that it used in its business for $500,000. Buzz bought the building for ten years ago for 650,000 and has claimed 200,000 of depreciation expense what is the amount and character if Buzz's gain or loss?
Assume that Jong used the equity method of accounting for its investment in Nye instead of the cost method. Calculate the balance of its "Investment in Nye" account.
Journalize the adjusting entry required as of april 30th. B. if the adjusting entry in (a) were omitted, which items would be erroneously stated on (1) the income statement for the year and (2) the balance sheet as of april 30?
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