FINANCIAL ACCOUNTING:TOOLS FOR BUSINESS
19th Edition
ISBN: 9781119493624
Author: Kimmel
Publisher: WILEY
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Chapter 13, Problem 13.1BE
To determine
Discontinued Operations Section: In general, there are many companies that deal many lines of business. But, all the businesses do not flourish. Some business result in loss and thus, disposed of. These businesses are referred to discontinued operations.
To show: The discontinued operation section of F’s statement of comprehensive income.
Given: Pretax loss and tax rate
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On June 30, Monty Corp. discontinued its operations in Mexico. On September 1, Monty disposed of the Mexico facility at a pretax loss of $618,000. The
applicable tax rate is 30%. Show the discontinued operations section of Monty's statement of comprehensive income.
MONTY CORP.
Partial Statement of Comprehensive Income
On June 30, Sarasota Corp. discontinued its operations in Mexico. On September 1, Sarasota disposed of the Mexico facility at a pretax
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On June 30, Flores Corporation discontinued its operations in Mexico. On September 1, Flores
disposed of the Mexico facility at a pretax loss of $750,000. The applicable tax rate is 38%.
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(Enter loss using either a negative sign preceding the number e.g. -2,945 or parentheses
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FLORES CORPORATION
Partial Statement of Comprehensive Income
$
Chapter 13 Solutions
FINANCIAL ACCOUNTING:TOOLS FOR BUSINESS
Ch. 13 - Prob. 1QCh. 13 - Prob. 3QCh. 13 - Prob. 4QCh. 13 - Prob. 5QCh. 13 - Prob. 6QCh. 13 - Prob. 7QCh. 13 - Prob. 8QCh. 13 - Prob. 9QCh. 13 - (a) Distinguish among the following bases of...Ch. 13 - Prob. 11Q
Ch. 13 - Prob. 12QCh. 13 - Prob. 13QCh. 13 - Prob. 14QCh. 13 - Prob. 15QCh. 13 - Prob. 16QCh. 13 - Prob. 17QCh. 13 - Prob. 18QCh. 13 - Prob. 19QCh. 13 - Prob. 20QCh. 13 - Prob. 21QCh. 13 - Prob. 22QCh. 13 - Prob. 13.1BECh. 13 - Prob. 13.2BECh. 13 - Prob. 13.14BECh. 13 - Prob. 13.15BECh. 13 - Prob. 13.4EYCTCh. 13 - Prob. 13.8EYCT
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