![Business](/tpl/images/cats/ekonomika.png)
On May 1, Tango Co. agreed to sell the assets of its Formal Wear Division to Top Hat Inc.
The following additional facts pertain to the transaction:
The Formal Wear Division qualifies as a component of the entity according to GAAP regarding discontinued operations.
The book value of Formal Wear's assets totaled $48 million on December 31, 2021.
Formal Wear's operating income was a pre-tax loss of $10 million in 2021.
Tango's income tax rate is 25%.
Suppose that the Formal Wear Division's assets had not been sold by December 31, 2021, but were considered held for sale. Assume that the fair value of these assets was $40 million at December 31, 2021. In the income statement for the year ended December 31, 2021, Tango Co. would report discontinued operations of:-
![answer](/tpl/images/cats/otvet.png)
Answers: 3
Other questions on the subject: Business
![image](/tpl/images/cats/ekonomika.png)
Business, 23.06.2019 10:20, abadir2008
Global tek plans on increasing its annual dividend by 15 percent a year for the next four years and then decreasing the growth rate to 2.5 percent per year. the company just paid its annual dividend in the amount of $.20 per share. what is the current value of one share of this stock if the required rate of return is 17.4 percent? $1.82 $218 $2.03 $2.71 $3.05
Answers: 1
![image](/tpl/images/cats/ekonomika.png)
Business, 23.06.2019 11:00, matthewlucas8613
How do you write a business plan ? i will give you a brainliest.
Answers: 1
![image](/tpl/images/cats/ekonomika.png)
Business, 23.06.2019 13:10, TheaMusic524
Lindor inc.'s $100 par value preferred stock pays a dividend fixed at 8% of par. to earn 12% on an investment in this stock, you need to purchase the shares at a per share price of
Answers: 3
![image](/tpl/images/cats/ekonomika.png)
Business, 23.06.2019 14:30, brooklyn4932
Each container is cut from the mould once the plastic has cooled and hardened. unit-level 2 patents are obtained for each new type of container mould. facility-level 3. plastic resins are used as the main direct material for the containers. product-level 4. a plant manager oversees the entire manufacturing operation. facility-level 5. the sales force incurs travel expenses to attend various trade shows throughout the country to market the containers. product-level 6. each container product line has a product line manager. product-level 7 the extrusion machine is calibrated for each batch of containers made. facility-level 8. each type of container has its own unique moulds. unit-level 9. routine maintenance is performed on the extrusion machines. facility-level 10. rent is paid for the building that houses the manufacturing processes. classify each activity as either unit-level, batch-level, product-level, or facility-level.
Answers: 3
Do you know the correct answer?
On May 1, Tango Co. agreed to sell the assets of its Formal Wear Division to Top Hat Inc.
Questions in other subjects:
![Konu](/tpl/images/cats/istoriya.png)
![Konu](/tpl/images/cats/mat.png)
Mathematics, 28.06.2019 21:50
![Konu](/tpl/images/cats/biologiya.png)
![Konu](/tpl/images/cats/en.png)
English, 28.06.2019 21:50
![Konu](/tpl/images/cats/istoriya.png)
![Konu](/tpl/images/cats/en.png)
![Konu](/tpl/images/cats/mat.png)
Mathematics, 28.06.2019 21:50
![Konu](/tpl/images/cats/istoriya.png)
![Konu](/tpl/images/cats/biologiya.png)