6. On September 15, 2006, the board of directors of Harte Company approved a plan to dispose...

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6. On September 15, 2006, the board of directors of Harte Company approved a plan to dispose of an operating segment. It was expected that the disposal would be accomplished on June 1, 2007, for $1 million proceeds. Disposal costs of $150,000 were paid by Harte during the fiscal year ended April 30, 2007, and it was estimated that the carrying amount of the operating segment’s net assets on June 1, 2007, would be

$1,750,000. The operating segment had actual or estimated operating losses as follows:

May 1 through Sept. 14, 2006 $130,000 Sept. 15, 2006, through Apr. 30, 2007 50,000 May 1 through May 31, 2007 15,000 Disregarding income taxes, Harte Company displays in its income statement for the fiscal year ended April 30, 2007, a loss on disposal of business segment of:

a. $0

b. $900,000

c. $915,000

d. $965,000

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