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Could really use an answer with explanation! blackboard.com 252F Help Seve Check 2. On September 17, 2021 Zitech, Inc, entered into an agreement to sell
Could really use an answer with explanation!
blackboard.com 252F Help Seve Check 2. On September 17, 2021 Zitech, Inc, entered into an agreement to sell one of its divisions that qualifies as a component of the entity cording to generally accepted accounting principles Bly December 31, 2021, the company's fiscal year end, the division had not yet been sold but was considered held for sale The netfair value air value minus costs to sell of the division's assets the end of the year was $16 million. The pretax income frarli operations of the division during 2021 was 54 milion Pretax income from continuing operations for the year totaled S19 million. The income tax rate is 25%. Ziltech reported net income for the year of $75 million Required Deemine the book value of the divisions assets on December 31, 2021 (Enter your answer in whole dollars not in milions) This is a numerk cells please enter numbers only Help Save 3 On September 17, 2021 Zitech, Inc., entered into an agreement to sell one of its divisions that qualifies as a component of the entity according to generally accepted accounting principles. By December 31, 2021, the company's fiscal year-end, the division had not yet been sold, but was considered held for sale. The netfair value (fair value minus costs to sel) of the division's assets at the end of the year was sit million. The pretax income from operations of the division during 2021 was S4 million Pretax income from continuing operations for the year totaled 5 million the income tax rate is 25% Ziltech reported net income for the year of 572 million Required: Determine the book value of the division's assets on December 31, 2021 (Enter your answer in whole dollars not in millions.) eBook Book ved dens assets This is a numeric so please enter numbers only 35 Next > blackboard.com 252F Help Seve Check 2. On September 17, 2021 Zitech, Inc, entered into an agreement to sell one of its divisions that qualifies as a component of the entity cording to generally accepted accounting principles Bly December 31, 2021, the company's fiscal year end, the division had not yet been sold but was considered held for sale The netfair value air value minus costs to sell of the division's assets the end of the year was $16 million. The pretax income frarli operations of the division during 2021 was 54 milion Pretax income from continuing operations for the year totaled S19 million. The income tax rate is 25%. Ziltech reported net income for the year of $75 million Required Deemine the book value of the divisions assets on December 31, 2021 (Enter your answer in whole dollars not in milions) This is a numerk cells please enter numbers only Help Save 3 On September 17, 2021 Zitech, Inc., entered into an agreement to sell one of its divisions that qualifies as a component of the entity according to generally accepted accounting principles. By December 31, 2021, the company's fiscal year-end, the division had not yet been sold, but was considered held for sale. The netfair value (fair value minus costs to sel) of the division's assets at the end of the year was sit million. The pretax income from operations of the division during 2021 was S4 million Pretax income from continuing operations for the year totaled 5 million the income tax rate is 25% Ziltech reported net income for the year of 572 million Required: Determine the book value of the division's assets on December 31, 2021 (Enter your answer in whole dollars not in millions.) eBook Book ved dens assets This is a numeric so please enter numbers only 35 Next >
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