Question: Why should the income loss from discontinued operations be disclosed
Why should the income (loss) from discontinued operations be disclosed separately from the gain ( loss) on disposal of a segment? Where is this information usually found? Why?
Answer to relevant QuestionsWhen a company changes its method of accounting for depreciation, what must it do? Why? Explain the advantages of a product line income report for internal users. Do you think this information would be useful for external users? Why? Refer to E17.3. How does your answer change if the toy division showed a loss from operations of $ 800,000 and if Hora experiences a gain on disposal of the toy division of $ 500,000? Show your calculations. Refer to E17.13. Calculate the return on investment using the Du Pont method. Which segment is best? Yang Company began operations in 2010. Its operating information follows: Selling price per unit ........... $ 175 Units produced ............. 50,000 Direct materials cost per unit ......... 40 Units sold ............... ...
Post your question