Merrell corp. discontinued a component of its business on october 17. for the year, the discontinued component had operating income of $4,000,000. at the time of the sale, the assets of the discontinued component had book values of $10,000,000 and were sold for $12,000,000. income from operations of the continuing parts of the company were $14,000,000 for the year. assuming a 40% tax rate, what amount would merrell report as income from discontinued operations?
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Cosmetic profits. sally is the executive vice president of big name cosmetics company. through important and material, nonpublic information, she learns that the company is soon going to purchase a smaller chain of stores. it is expected that stock in big name cosmetics will rise dramatically at that point. sally immediately buys a number of shares of her company's stock. she also tells her friend alice about the expected purchase of stores. alice wanted to purchase stock in the company but lacked the funds with which to do so. although she did not have the funds in bank a, alice decided to draw a check on bank a and deposit the check in bank b and then proceed to write a check on bank b to cover the purchase of the stock. she hoped that she would have sufficient funds to deposit before the check was presented for payment. of which of the following offenses, if any, is alice guilty of by buying stock?
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Business, 23.06.2019 08:30, gabe7774
1. using only the amounts given, compute net cash provided by operations, both without and with the reclassification of the receivables. which reporting makes moss look better? 2. under what condition would the reclassification of the receivables be ethical? 3. unethical?
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Merrell corp. discontinued a component of its business on october 17. for the year, the discontinued...
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