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1.On December 31, 2013, the end of the fiscal year, California Microtech Corporation completed the sale of its semiconductor business for $10 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 2013 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 2013 income statement beginning with pretax income from continuing operations. Ignore EPS disclosures.
Identify the problem that appear to exist in ferguson and sons manufacturing company's budgetary control system and explain how the problem are likely to reduce effectiveness of the system.
topaz company makes one product and has set the following standards for materials and labor direct materials direct
How would you describe Blue Niles' cost structure?Is Blue Niles' cost of sales higher or lower than competitors with bricks and mortar jewelry store? "
blaine corp. makes floats for mardi gras in new orleans. the companys fiscal year ends on march 31. on january 1 2010
However, it is also projected for Project B that in years three and four there will be an additional capital outlay of $100,000 for each year. Compute the NPV, IRR, Payback for both projects and select the best project. Show your work.
how did the sarbanes oxley act came about due to the global financial crisis of 2008-2009. i know it was signed into
Bela and Ricky are married taxpayers who file a joint return. In 2009, they had AGI of $350,000 and their preliminary itemized deductions totaled $20,000. In 2010, they also had AGI of $350,000 and preliminary itemized deductions of $20,000. Which..
If you could pick a single source of cash for your business, what would it be? Why? How can a business earn large profits but have a small balance in Retained Earnings?
candance hassell and abby lawson formed a partnership investing 240000 and 80000 respectively. determine their
calculating the predetermined overhead rate applying overhead to production reconciling overhead at the end of the year
type your questi. northern corporation has two major business segments-eastern and western. in october the eastern
Tosco Co. paid $540,000 for 80% of the stock of Martz Co. when the book value of Martz's net assets was $600,000. For all of Martz's assets and liabilities, book value and fair value were approximately equal.
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