When is a business operation considered as discontinuing operation and how it should be disclosed in the
Question:
When is a business operation considered as discontinuing operation and how it should be disclosed in the annual report?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (3 reviews)
A business operation is considered as a discontinuing operation when the company has made the decision to sell dispose of or wind down a major compone...View the full answer
Answered By
Mercy Kangai
I provide creative and detailed administrative, web search, academic writing, data entry, Personal assistant, Content writing, Translation, Academic writing, editing and proofreading services. I excel at working under tight deadlines with strict expectations. I possess the self-discipline and time management skills necessary to have served as an academic writer for the past seven years. I can bring value to your business and help solve your administrative assistant issues. I have extensive experience in marketing and small business management.
4.80+
27+ Reviews
83+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Discuss what information should be disclosed in the annual report in relation to construction costs in order for it to be useful to report users.
-
Multiple Choice 1. In which of the following situations would an auditor ordinarily issue an unqualified/ unmodified financial statement audit opinion with no explanatory ( or emphasis- of- matter/...
-
You are the Group Accountant for the Australian-based company GIRAFE Ltd. The Chief Financial Officer (CFO) has asked you to provide a report related to information/transactions outlined below in...
-
Water flows in a partially full 2-m-diameter circular pipe an average velocity of 2 m/s. If the water depth in the pipe is 0.5 m, determine the flow area, the wetted perimeter, the hydraulic radius,...
-
The Marino Repair Shop repairs and services machine tools. A summary of its costs (by activity) for 2009 is as follows: 1. Classify each cost as value-added, non-value-added, or in the gray area in...
-
Portillo Inc. uses a calendar year for financial reporting. The company is authorized to issue 9,000,000 $10 par ordinary shares. At no time has Portillo issued any potentially dilutive securities....
-
The general solution to Stokes flow in 2D Cartesian coordinates. For the 2D case the governing equation is \(abla^{4} \psi=0\). The operator \(abla\) may be applied either in Cartesian \((x, y)\) or...
-
Check the fundamental theorem for gradients, using T = x2 + 4xy + 2yz3, the points a = (0, 0, 0), b = (1, 1, 1), and the three paths in Fig. 1.28:? (a) (0,0.0) ??? (1.0, 0) ??? (1, 1,0) ??? (1,...
-
The following Turing Machine is supposedly a solution for BB(6): q4 1:1, R 1, R 1:1.L 1:1, L 10L q1 D1, R 0:1, L 92 93 1:0,L 95 R 90 Halt) a) What is a Busy Beaver? b) Do you believe that this is a...
-
For calculating basic EPS which out of the following is used as denominator? (a) Existing weighted average number of ordinary shares (b) Prospective weighted average number of ordinary shares (c)...
-
For calculating diluted EPS which out of the following is used as denominator? (a) Existing weighted average number of ordinary shares (b) Only prospective weighted average number of ordinary shares...
-
As an analyst for Royal Bank, it is your job to write recommendations to the bank's loan committee. Vernon Engineering Co., a client of the bank, has submitted these summary data to support the...
-
Do you believe variance analysis (or a better variance analysis) would be a good idea at your workplace? If so, why? If not, why not?
-
If you have a choice of leasing a machine that you can return after each month, or buying the machine, if you buy it, that would be an example of what type of leverage?
-
Explain the concept of judicial review.
-
Have you ever been involved in helping to create any part of a capital expenditure budget?
-
What is the rule of OPM?
-
Katrina Kim went to work for Billings Industries five years ago. She was recently promoted to cost accounting manager and now has a new boss, Vic Howard, the corporate controller. Last week, Kim and...
-
Dr. Chan obtained a $15,000 demand loan at prime plus 1.5% on September 13 from the Bank of Montreal to purchase a new dental X-ray machine. Fixed payments of $700 will be deducted from the dentists...
-
What is the difference between a stock dividend and a stock split? As a stockholder, would you prefer to see your company declare a 100% stock dividend or a 2-for-1 split? Assume that either action...
-
A worksheet is a permanent accounting record, and its use is required in the accounting cycle. Do you agree? Explain.
-
What is the primary objective of financial reporting?
-
A debtor owes two business money, business A $1,000,000 and business B 9,000,000 but can only make payments of 200,000 a month, what percentage of that payment goes to business A and what percentage...
-
Today is October 28, 2016. You anticipate that your company (General Motors) will purchase 1 million pounds of Platinum (for catalytic converter) on February 28, 2017, August 28, 2017, February 29,...
-
Nivek had an agreement to settle a loan by making payments of $4,000 in 15 months , and $2,300 in 6 years . What single payment in 27 months would be equivalent to these scheduled payments if money...
Study smarter with the SolutionInn App