User Account

All Pages

What is the net income for the year ended

Assignment Help Accounting Basics
Reference no: EM132721485

Question - Ortiz Co.had income from continuing operations of $1,600,000 in 2018. During 2018, it disposed of its restaurant division at an after-tax gain (net of tax) of $190,000. Prior to disposal, the division operated at a loss of $320,000 (net of tax) in 2018 (assume that the disposal of the restaurant division meets the criteria for recognition as a discontinued operation). What is the net income for the year ended 31, 12, 2018?

a. $1,090,000

b. $2,110,000

c. $1,470,000

d. $1,730,000

Reference no: EM132721485

Questions Cloud

What is the amount of Maren bargain element : Eighteen months later she sold all of the shares for $22 per share. What is the amount of Maren's bargain element
Understand the stack smashing buffer exploit thoroughly : Understand the stack smashing buffer exploit thoroughly - Reduce the size of their compiled binaries by at least 5% as seen by the size command
What does the market expect the two-year treasury rate : According to the unbiased expectations hypothesis, what does the market expect the two-year Treasury rate to be three years from today, E( 4r2)?
Describe prioritizing systems and functions for recovery : Write a 3-4 page APA formatted paper comparing your organization's disaster recovery and business continuity plans with the best practices outlined in your.
What is the net income for the year ended : Ortiz Co.had income from continuing operations of $1,600,000 in 2018. What is the net income for the year ended 31, 12, 2018
Which part of the federal reserve buys and sells securities : Which part of the Federal Reserve buys and sells securities as part of its monetary policy? The US Department of the Treasury. / Board of Governors
Determine the amount of basic earnings per share : During the year, Manila Co. reported a net income of P5,000,000. Determine the amount of basic earnings per share for the year
What is the federal reserve dual mandate : What is the Federal Reserve's Dual Mandate? Open market operations and quantitative easing. / Low interest rates and high stock prices
Find how a nonprofit organization like peace corps assign : Find how a nonprofit organization like Peace Corps might assign overhead costs to their operations in a particular refugee camp?

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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