(a) What are discontinued operations? (b) What is a component of an entity? ...
Question:
(b) What is a component of an entity?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 90% (10 reviews)
a Discontinued operations refers to disposal or availability for sale of an iden...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Financial Accounting Tools for Business Decision Making
ISBN: 978-1118644942
6th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
Question Posted:
Students also viewed these Managerial Accounting questions
-
(a) What are discontinued operations? (b) Explain how they are reported on the statement of financial position and income statement.
-
Discontinued operations Selected information from Bayer Groups financial statements for the years ended December 31, 2006 and 2007, appear below. Bayer Group (Bayer) is a German pharmaceutical...
-
What items are included in a companys results from discontinued operations? For this purpose, how is a component defined? Discuss.
-
A drillstring is composed of 9,000 ft of 5-in. 19.5-lbm/ft drillpipe and 1.000 ft of drill collars having a 3.0-in. ID. Compute these items: a) (5 pts) Capacity of the drillpipe in barrels. b) (5...
-
Swan's Sportswear is considering bringing out a line of designer jeans. Currently, it is negotiating with two different well-known designers. Because of the highly competitive nature of the industry,...
-
What does the term manifest imbalance mean to you? Is there manifest imbalance in this case?
-
Tandrin Aviation Holdings Ltd. agreed to sell a jet aircraft to Aero Toy Store, LLC, for \($31.75\) million. ATS paid a \($3\) million deposit to a third party with the balance due upon delivery....
-
Multiple Choice. Choose the best answer. 1. Which of the following fund type(s) uses the accrual basis of accounting? a. Special revenue. b. Internal service. c. Pension trust. d. Both b and c. 2....
-
Question-1: For the Euclidean space of RK define a new metric as follows: K d(x,y)=xy; |P i=1 1/p for p1
-
Solve the following equation for x and check your answer. 7e3x = 21.
-
(a) If you were an investor interested in buying the shares of a company with growth potential, what ratio(s) would you primarily look at to help you make your decision? (b) How would your answer...
-
In 2012, Yum Brands Inc. reported a profit margin of 11.8% using profit in the numerator. Had the profit margin been based on total comprehensive income, instead of profit, the revised profit margin...
-
Ask students to interview the managers of two retail-clothing stores. See if they can discover the degree to which the managers believe that consumer personalities and self-images are important to...
-
Given the following system consisting of a chemical in water, where mass transfer is occurring across an interface as depicted below: Interfac Boundary Layer L-2 m C-60 mg/L C-2 mg/L (a) If the mass...
-
Prior to 1978, asbestos was a component of more than 3,000 types of building materials and is currently present in what percentage of commercial and public buildings in the United States?
-
A mountain road has a turn radius of 500 ft, and is banked for a speed of 30 miles per hour. If a fast driver takes this turn at 60 miles per hour, find the minimum coefficient of static friction...
-
13. A single-phase load (Z=2.5+j1.25 pu) has an input ac voltage of 220 V, 50Hz, AC supply and base impedance of 9.15 ohms per phase. It is to be realized as unity power factor load on ac supply...
-
Identify how Gains and Losses on Sales of Assets are classified on the income statement.
-
Series EE Bond Interest In 2015, Harry and Mary purchased Series EE bonds, and in 2019 redeemed the bonds, receiving $500 of interest and $1,500 of principal. Their in-come from other sources totaled...
-
Floyd Distributors, Inc., provides a variety of auto parts to small local garages. Floyd purchases parts from manufacturers according to the EOQ model and then ships the parts from a regional...
-
The following information was reported by Gap, Inc. in its 2006 annual report. (a) Determine the overall percentage decrease in Gap's total assets from 2002 to 2006. What was the average decrease per...
-
T. J. Rains is the chief executive officer of Tomorrows Products. T. J. is an expert engineer but a novice in accounting. Instructions Write a letter to T. J. Rains that explains (a) The three main...
-
A May 20, 2002, Business Week story by Stanley Holmes and Mike France entitled Boeings Secret discusses issues surrounding the timing of the disclosure of information at the giant airplane...
-
Melbourne, VIC . The auction property has been passed in and you are negotiating between vendor and the highest bidder but they remain apart with your vendor reluctant to reduce from their reserve,...
-
On January 1, 2018, Shark Company acquired equipment at a total cost of $66,000. The equipment had a useful life of 5 years with a residual value of $6,000. Shark Company used Double-declining...
-
Electric Car Maker Tesla makes 100,000 units of "2170 Cell" peryear in its Nevada based gigafactory for use in Model 3 Electriccar. Data concerning the unit production costs of the "2170 Cell"are as...
Study smarter with the SolutionInn App