Homework Answers
| Particulars | EPS | Diluted EPS |
| Continued operation | (32) | (20.11) |
| Discontinued Operations | 23 | 14.46 |
| Company- Total | 9 | 5.66 |
please complete the question and show work Exercise 4-6 (Algo) Discontinued operations (L04-4, 4-5) Chance Company...
please complete the question and show work
Exercise 4-6 (Algo) Discontinued operations (L04-4, 4-5) Chance Company had two operating divisions, one manufacturing farm equipment and the other office supplies. Both divisions are considered separate components as defined by generally accepted accounting principles. The farm equipment component had been unprofitable, and on September 1, 2021, the company adopted a plan to sell the assets of the division. The actual sale was completed on December 15, 2021, at a price of $760,000....
Don't know how to get the value in blue to get diluted EPS from each operation...
Don't know how to get the value in blue to get diluted EPS from
each operation
Delicious Subs Ltd. (DSL) was incorporated on January 1, 2021. Its capital structure includes 9,000 ordinary shares; 1,800, $60,2% cumulative preferred shares; and 3,500 options on ordinary shares with a strike price of $12. DSL's net income (loss) for the year ended December 31, 2021, was ($13,000), consisting of a profit from continuing operations of $40,000 and a loss from discontinued operations of ($53,000)....
Return to The following are partial income statement account balances taken from the December 31, 2021....
Return to The following are partial income statement account balances taken from the December 31, 2021. year-end trial balance of White and Sons, Inc.: restructuring costs, $470,000; interest revenue, $57,000, before tax loss on discontinued operations, $570,000; and loss on sale of investments, $67,000. Income tax expense has not yet been recorded. The income tax rate is 25% Prepare the lower portion of the 2021 income statement beginning with $885,000 income from continuing operations before income taxes. Include appropriate EPS...
Exercise 4-6 (Algo) Discontinued operations (L04-4, 4-5) Chance Company had two operating divisions, one manufacturing farm...
Exercise 4-6 (Algo) Discontinued operations (L04-4, 4-5) Chance Company had two operating divisions, one manufacturing farm equipment and the other office supplies. Both divisions are considered separate components as defined by generally accepted accounting principles. The farm equipment component had been unprofitable, and on September 1, 2021, the company adopted a plan to sell the assets of the division. The actual sale was completed on December 15, 2021, at a price of $630,000. The book value of the division's assets...
please complete both required income statements Exercise 4-8 (Algo) Discontinued operations; disposal in subsequent year (L04-4)...
please complete both required income statements
Exercise 4-8 (Algo) Discontinued operations; disposal in subsequent year (L04-4) Kandon Enterprises, Inc., has two operating divisions, one manufactures machinery and the other breeds and sells horses. Both divisions are considered separate components as defined by generally accepted accounting principles. The horse division has been unprofitable, and, on November 15, 2021, Kandon adopted a formal plan to sell the division. The sale was completed on April 30, 2022. At December 31, 2021, the component...
Check my workCheck My Work button is now enabled4 Item 6 Item 6 2 points Kandon...
Check my workCheck My Work button is now enabled4
Item 6
Item 6 2 points
Kandon Enterprises, Inc., has two operating divisions; one
manufactures machinery and the other breeds and sells horses. Both
divisions are considered separate components as defined by
generally accepted accounting principles. The horse division has
been unprofitable, and, on November 15, 2021, Kandon adopted a
formal plan to sell the division. The sale was completed on April
30, 2022. At December 31, 2021, the component was...
Ivanhoe Corporation Ltd. has the following capital structure at the following fiscal years ended December 31: 2020 2019 Number of common shares 840,000 690,000 Number of non-convertible, non-cumulative preferred A shares 40,000 40,000 Amount of 4
Ivanhoe Corporation Ltd. has the following capital structure at the following fiscal years ended December 31:20202019Number of common shares840,000690,000Number of non-convertible, non-cumulative preferred A shares40,00040,000Amount of 4% convertible bonds$1,000,000$1,000,000The following additional information is available.1.On July 31, 2020, Ivanhoe Corporation exchanged common shares for a large piece of equipment. This was the only transaction that resulted in issuance of common shares in 2020.2.Income before discontinued operations for 2020 was $1,600,000, and a loss from discontinued operations of $320,000 was recorded, net of applicable tax recovery.3.During 2020,...
Problem 4-6 (Algo) Income statement presentation; Discontinued operations; EPS (LO4-1, 4-3, 4-4, 4-5] Rembrandt Paint Company...
Problem 4-6 (Algo) Income statement presentation; Discontinued operations; EPS (LO4-1, 4-3, 4-4, 4-5] Rembrandt Paint Company had the following income statement items for the year ended December 31, 2021 ($ in thousands): Sales revenue Interest revenue Interest expense $ 22,000 180 380 Cost of goods sold Selling and administrative expense Restructuring costs $ 12,500 2,900 1,200 In addition, during the year the company completed the disposal of its plastics business and incurred a loss from operations of $2 million and...
please complete both required parts to question Exercise 4-8 (Algo) Discontinued operations; disposal in subsequent year...
please complete both required parts to question
Exercise 4-8 (Algo) Discontinued operations; disposal in subsequent year (L04-4) Kandon Enterprises, Inc., has two operating divisions: one manufactures machinery and the other breeds and sells horses. Both divisions are considered separate components as defined by generally accepted accounting principles. The horse division has been unprofitable, and, on November 15, 2021, Kandon adopted a formal plan to sell the division. The sale was completed on April 30, 2022 At December 31, 2021, the...
Exercise 4-6 (Static) Discontinued operations [LO4-4, 4-5] Chance Company had two operating divisions, one manufacturing farm...
Exercise 4-6 (Static) Discontinued operations [LO4-4, 4-5] Chance Company had two operating divisions, one manufacturing farm equipment and the other office supplies. Both divisions are considered separate components as defined by generally accepted accounting principles. The farm equipment component had been unprofitable, and on September 1, 2021, the company adopted a plan to sell the assets of the division. The actual sale was completed on December 15, 2021, at a price of $600,000. The book value of the division's assets...
please complete the question and show work
Exercise 4-6 (Algo) Discontinued operations (L04-4, 4-5) Chance Company had two operating divisions, one manufacturing farm equipment and the other office supplies. Both divisions are considered separate components as defined by generally accepted accounting principles. The farm equipment component had been unprofitable, and on September 1, 2021, the company adopted a plan to sell the assets of the division. The actual sale was completed on December 15, 2021, at a price of $760,000....
Don't know how to get the value in blue to get diluted EPS from
each operation
Delicious Subs Ltd. (DSL) was incorporated on January 1, 2021. Its capital structure includes 9,000 ordinary shares; 1,800, $60,2% cumulative preferred shares; and 3,500 options on ordinary shares with a strike price of $12. DSL's net income (loss) for the year ended December 31, 2021, was ($13,000), consisting of a profit from continuing operations of $40,000 and a loss from discontinued operations of ($53,000)....
Return to The following are partial income statement account balances taken from the December 31, 2021. year-end trial balance of White and Sons, Inc.: restructuring costs, $470,000; interest revenue, $57,000, before tax loss on discontinued operations, $570,000; and loss on sale of investments, $67,000. Income tax expense has not yet been recorded. The income tax rate is 25% Prepare the lower portion of the 2021 income statement beginning with $885,000 income from continuing operations before income taxes. Include appropriate EPS...
Exercise 4-6 (Algo) Discontinued operations (L04-4, 4-5) Chance Company had two operating divisions, one manufacturing farm equipment and the other office supplies. Both divisions are considered separate components as defined by generally accepted accounting principles. The farm equipment component had been unprofitable, and on September 1, 2021, the company adopted a plan to sell the assets of the division. The actual sale was completed on December 15, 2021, at a price of $630,000. The book value of the division's assets...
please complete both required income statements
Exercise 4-8 (Algo) Discontinued operations; disposal in subsequent year (L04-4) Kandon Enterprises, Inc., has two operating divisions, one manufactures machinery and the other breeds and sells horses. Both divisions are considered separate components as defined by generally accepted accounting principles. The horse division has been unprofitable, and, on November 15, 2021, Kandon adopted a formal plan to sell the division. The sale was completed on April 30, 2022. At December 31, 2021, the component...
Check my workCheck My Work button is now enabled4
Item 6
Item 6 2 points
Kandon Enterprises, Inc., has two operating divisions; one
manufactures machinery and the other breeds and sells horses. Both
divisions are considered separate components as defined by
generally accepted accounting principles. The horse division has
been unprofitable, and, on November 15, 2021, Kandon adopted a
formal plan to sell the division. The sale was completed on April
30, 2022. At December 31, 2021, the component was...
Problem 4-6 (Algo) Income statement presentation; Discontinued operations; EPS (LO4-1, 4-3, 4-4, 4-5] Rembrandt Paint Company had the following income statement items for the year ended December 31, 2021 ($ in thousands): Sales revenue Interest revenue Interest expense $ 22,000 180 380 Cost of goods sold Selling and administrative expense Restructuring costs $ 12,500 2,900 1,200 In addition, during the year the company completed the disposal of its plastics business and incurred a loss from operations of $2 million and...
please complete both required parts to question
Exercise 4-8 (Algo) Discontinued operations; disposal in subsequent year (L04-4) Kandon Enterprises, Inc., has two operating divisions: one manufactures machinery and the other breeds and sells horses. Both divisions are considered separate components as defined by generally accepted accounting principles. The horse division has been unprofitable, and, on November 15, 2021, Kandon adopted a formal plan to sell the division. The sale was completed on April 30, 2022 At December 31, 2021, the...
Exercise 4-6 (Static) Discontinued operations [LO4-4, 4-5] Chance Company had two operating divisions, one manufacturing farm equipment and the other office supplies. Both divisions are considered separate components as defined by generally accepted accounting principles. The farm equipment component had been unprofitable, and on September 1, 2021, the company adopted a plan to sell the assets of the division. The actual sale was completed on December 15, 2021, at a price of $600,000. The book value of the division's assets...
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