On october 1, 20x3, wand, inc. committed itself to a formal plan to sell its kam division's assets. on that date, wand estimated that the loss from the disposal of assets in february 20x4 would be $25,000. wand also estimated that kam would incur operating losses of $100,000 for the period of october 1, 20x3, through december 31, 20x3, and $50,000 for the period january 1, 20x4 through february 28, 20x4. these estimates were materially correct. disregarding income taxes, what should wan report as loss from discontinued operations in its comparative 20x3 and 20x4 income statements?
a. $175,000 0
b. $125,000 5
c. $100,000 75000
d. $0 175000
Answers: 1
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1. what is the lowest balance during this period? 2. lily just received her bank statement below. a. what does the bank think her ending balance is? b. how much more does the bank think lily has? c. what transactions are missing? 3. what is the danger of not balancing your bank account? lily’s bank statement deposits: 2/25 $35 2/26 $20 3/1 $256.32 checks: 2/24 ck #301 $25 2/26 #302 $150 debit card: 2/24 american eagle $75.48 2/25 chick fa la $4.67 2/27 mcdonalds $3.56 2/28 chevron $34.76 withdrawal: 2/27 $40 beginning balance $423.34 deposits $311.32 total debits $333.47 ending balance $401.19
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On october 1, 20x3, wand, inc. committed itself to a formal plan to sell its kam division's assets....
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