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ch4aika
1 month ago
5

Black and Decker decides to discontinue producing toasters in lieu of more versatile toaster ovens. In the process of discontinu

ing this line, the company disposes of the old production equipment and buys new equipment. The disposal of the old equipment would be reported in the income statement as:
Business
1 answer:
Nady [3.6K]1 month ago
6 0

Answer:

The appropriate response is gain or loss from the asset disposal during continuing operations.

Explanation:

When an item of property, plant, and equipment is sold and results in a gross profit, any related expenses incurred are also considered. Thus, the income statement reflects only the net profit from this sale.

In the income statement, just a single entry represents the net profit from the asset's sale. Although post-regulatory change outcomes are consistent with prior practices, the intent of limiting high gross income and expenses from being separately recorded is to maintain clarity in financial analysis performed at the year's end.

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Marco's experience exemplifies the Invisible Hand Concept, which illustrates how individual actions can yield societal benefits. In his case, Marco established a business to address an issue faced by older adults, aiding them while simultaneously creating job opportunities for others.
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2 months ago
Karen made a commission of $3,522.75 on the sale of a property. she split her commission equally with her broker which is 50% to
Mariulka [3825]

Karen dividió su comisión a partes iguales con su corredor, por lo que ella recibe:

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El corredor de Karen se llevó el 55 % del total de la comisión, por lo que Karen obtiene solo el 45 % del total. Entonces, la comisión total debe ser:

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6 0
3 months ago
Colgate reported Diluted EPS of $2.38 in accordance with GAAP. How much higher would EPS be if Colgate ignored the impact of res
Katen [3525]

Answer:

The EPS will exceed $2.38

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2 months ago
The Bata Aerobics Company manufactures two models of steppers used for aerobics exercises. To manufacture each luxury model requ
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2 months ago
Galla Inc. operates in a highly competitive market where the market price for its product is $181 per unit. Galla desires a $19
Free_Kalibri [3773]

Respuesta:

Objetivo de costo = Precio de mercado - Margen de beneficio deseado

                   = $181 - $19

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Explicación:

El costo objetivo es la diferencia entre el precio de mercado competitivo y el margen de beneficio deseado. En el método de costo objetivo, el precio de mercado está fijado por las fuerzas del mercado. Se resta el margen de beneficio deseado del precio de mercado para obtener el costo objetivo.

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2 months ago
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