subject
Business, 13.12.2019 21:31 alizeleach0123

Blue spruce corp. has income from continuing operations of $437,000 for the year ended december 31, 2020. it also has the following items (before considering income taxes).

1. an unrealized loss of $50,700 on available-for-sale securities.
2. a gain of $24,000 on the discontinuance of a division (comprised of a $9,100 loss from operations and a $33,100 gain on disposal).
3. a correction of an error in last year's financial statements that resulted in a $20,000 understatement of 2016 net income. assume all items are subject to income taxes at a 18% tax rate. prepare a statement of comprehensive income, beginning with income from continuing operations.

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 15:30
Last week, linda's commission check was $84. if she earns a 12.5% commission on sales, what were her total sales?
Answers: 2
question
Business, 22.06.2019 19:40
The following cost and inventory data are taken from the accounting records of mason company for the year just completed: costs incurred: direct labor cost $ 90,000 purchases of raw materials $ 134,000 manufacturing overhead $ 205,000 advertising expense $ 45,000 sales salaries $ 101,000 depreciation, office equipment $ 225,000 beginning of the year end of the year inventories: raw materials $ 8,100 $ 10,300 work in process $ 5,900 $ 21,000 finished goods $ 77,000 $ 25,800 required: 1. prepare a schedule of cost of goods manufactured. 2. prepare the cost of goods sold section of mason company’s income statement for the year.
Answers: 3
question
Business, 23.06.2019 00:00
What is a uniform law adopted by all states that facilitates business transactions?
Answers: 1
question
Business, 23.06.2019 06:40
Circumstances under which pro-forma invoice may be used
Answers: 1
You know the right answer?
Blue spruce corp. has income from continuing operations of $437,000 for the year ended december 31,...
Questions
question
History, 04.12.2020 01:00
question
Mathematics, 04.12.2020 01:00
question
History, 04.12.2020 01:00
question
Mathematics, 04.12.2020 01:00
Questions on the website: 13722359