Television Disposal
Discontinued operations – accounting question?
Hi, can some please help me with this question I have been working on it all day but my answer seems to be wrong:
Assume that Shengru Inc. decides to sell CBTV, its television subsidiary, on September 30, 2007. There is a formal plan to dispose of the subsidiary and the sale qualifies for discontinued operations treatment. Pertinent data on the operations of the TV subsidiary are as follows:
loss from operations from beginning of year to September 30, $1,300,000 (net of tax)
loss from operations from September 30 to end of 2007, $700,000 (net of tax)
estimated loss on sale of net assets on disposal date June 1, 2008, $150,000 (net of tax)
The year end is December 31.
What is the net income/loss from discontinued operations reported in 2007? In 2008?
Net income/loss (2007): $
Net income/loss (2008): $
Prepare the discontinued operations section of the income statement for the year ended 2007.
Discontinued operations (2007):
If the amoun
Either you left out some information, or this is just an incredibly easy question. Your net loss of 2007 is $2,000,000. You will have a net income of $150,000 in 2008 according to the information you gave. The problem is, there should be some percentages, taxes, and depreciation amounts that you’re not providing, which is why I believe you are missing some information.
ABC TV bomb disposal in laos part1 of 4
|
|
Danger UXB Set (Volumes 1-5) [VHS] $69.95 Harrowing, funny, and immediately addictive, the 1979 British television series Danger UXB stars Anthony Andrews as Army Lieutenant Brian Ash, an engineering student whose excitement about his rapid commission as an officer during World War II is tempered by his unenviable post with a bomb disposal unit. Assigned to a fatality-heavy team that defuses unexploded German bombs scattered throughout Lo… |
|
|
Brotherhood $1.99 … |
|
|
Brimstone $1.99 … |
|
|
Roseanne: Halloween Edition $14.98 Features seven complete classic episodes! full of increasingly outrageous pranks crazy costumes frightful parties ouija boards as well as the ghost of halloween past present and future! Studio: Starz/sphe Release Date: 08/29/2006 Starring: Roseanne Barr Sara Gilbert Run time: 186 minutes Rating: Nr… |
|
|
Mitsubishi 915P061010 Lamp for Mitsubishi DLP TV $61.37 This Mitsubishi original equipment 915P061010 replacement lamp fits the rear projector DLP TV models listed below. These lamps contain mercury and must be disposed of properly. Included with each replacement lamp is a prepaid shipping label to return your old lamp to Mitsubishi for recycling…. |
|
|
Sony XL5200 Replacement lamp $49.23 Brand New OEM compatible lamp installed in brand new housing. Includes a 6 month warranty and FREE UPS Ground Shipping…. |
|
|
Television $10.64 Television |
|
|
The Television $33.99 The Television |
