Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

ABZ LLC Company compiled the following financial information as of December 31, 2020: Income from continuing operation OMR 100,000,000 Loss from discontinued operation OMR 40,000,000

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
ABZ LLC Company compiled the following financial information as of December 31, 2020: Income from continuing operation OMR 100,000,000 Loss from discontinued operation OMR 40,000,000 Income from discontinued operation OMR 10,000,000 Tax rate@ 30% Calculate the net income of ABZ LLC as on December 31, 2020. OMR 21,000,000 OMR 79,000,000 OMR 9,000,000 None of the listed choices if sales are OMR 90,000, cost of sales is OMR 65,000, selling expenses are OMR 30,000 and administration expenses are OMR 26,000, the net result will be Profit of OMR41,000 Loss of OMR 31,000 Profit of OMR31,000 Loss of OMR 41,000 Nodp ABZ LLC Company compiled the following financial information as of December 31, 2020: Income from continuing operation OMR 100,000,000 Loss from discontinued operation OMR 40,000,000 Income from discontinued operation OMR 10,000,000 Tax rate@ 30% Calculate the net income of ABZ LLC as on December 31, 2020. OMR 21,000,000 OMR 79,000,000 OMR 9,000,000 None of the listed choices If sales are OMR 90,000, cost of sales is OMR 65,000, selling expenses are OMR 30,000 and administration expenses are OMR 26.000 the ret result will be: Profit of OMR41,000 Loss of OMR 31,000 Profit of OMR31,000 Loss of OMR 41,000 Next From January 1 to April 30, Company A had 7,500 shares outstanding. From May 1 to October 31, the company had 8,000 shares outstanding. From November 1 to December 31, the company had 7,500 shares outstanding. What is the denominator for determining the earnings per share for this simple capital structure company 6,500 shares 7,750 shares 5,250 shares 3,750 shares Next page

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Forensic Accounting In Detecting Financial Frauds

Authors: Motilal Balram Bhavnani

1st Edition

979-8889950707

More Books

Students also viewed these Accounting questions

Question

3. How does the author describe the method of data collection?

Answered: 1 week ago

Question

Question 5) Let n = N and Y Answered: 1 week ago

Answered: 1 week ago

Question

1. Organize and support your main points

Answered: 1 week ago

Question

3. Move smoothly from point to point

Answered: 1 week ago

Question

5. Develop a strong introduction, a crucial part of all speeches

Answered: 1 week ago