Answer BE5-11 accourding to the Carr corporation Trial Balance.

BE5-11: Discontinued Operations, IFRS. Worley Corporation needs to determine whether the disposal of its Tools

Division qualifies as a discontinued operation. The Tools Division is one of Worley's three major business

segments. Its recent financial performance has been strong, yet Worley believes that this segment will

contract over the next three to five years. Worley has developed a plan to dispose of the Tools Division and

focus on its other two operating segments going forward. Does the disposal of the Tools Division qualify as

a discontinued operation under IFRS?

BE5-7. Single-Step Statement of Net Income. Carr Corporation provided the following partial-trial balance for the current year. Prepare a single-step income statement for the year ended December 31 . Carr is subject to a 40% income tax rate. (4) B5 B5-8. Statement of Net Income, IFRS. Using the information provided in BE5-7, prepare a statement of net income and additional disclosures that would meet IFRS requirements. Indicate items that IFRS requires be reported on the statement of net income. Use the condensed format. (4) BE5.9. Multiple-Step Statement of Net lncome. Using the information provided in BE5-7, prepare a multiple-step income statement for the current year. 4) B5.5-10. Condensed Statement of Net Income. Using the information provided in BE5-7, prepare a condensed, multiple-step income statement for the current year. Include supporting schedules.' 6) BF5-11. Discontinued Operations, IFRS. Woorley Corporation needs to determine whether the dispotal of its Tools Division qualifies as a discontinued operation. The Tools Division is one of Woorley's three major business segments. Its recent financial performance has been strong. yet Woorley believes that this segment will contract over the next three to five years. Woorley has developed a plan to dispose of the Tooks Division and focus on its other two operating segments going forward. Does the disposal of the Tools Division qualify as a discontinued operation under IFRS? Hotre weet Pagetayout Formulas Dasa Rievew Vew Developer Help Acrobat Excel in Practice 32 E5-11