Analysis

Assume that you are a financial analyst and you participate in a conference call with Electro boy management in early 2014 (before Electro boy closes the books on fiscal 2013). During the conference call, you learn that management is considering selling the five stores, but the sale wont likely be completed until the second quarter of fiscal 2014. Briefly discuss what implications this would have for Electro boys 2013 financial statements. Assume the same facts as in part (b) above.

(Give the proper and complete answer)