{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-29T01:23:55-04:00", "answer_date": "2024-06-29 01:23:55", "is_docs_available": null, "is_excel_available": null, "is_pdf_available": null, "count_file_available": 0, "main_page": "student_question_view", "question_id": "4438081", "url": "\/study-help\/questions\/discontinued-operations-campbell-soup-reported-discontinued-operations-in-its-form-4438081", "question_creation_date_js": "2024-06-29T01:23:55-04:00", "question_creation_date": "Jun 29, 2024 01:23 AM", "meta_title": "[Solved] Discontinued Operations Campbell Soup rep | SolutionInn", "meta_description": "Answer of - Discontinued Operations Campbell Soup reported discontinued operations in its Form 10Q for the third quarter ended Apr | SolutionInn", "meta_keywords": "discontinued,operations,campbell,soup,reported,form,10q,third,quarter,ended,april,28", "question_title_h1": "Discontinued Operations Campbell Soup reported discontinued operations in its Form 10Q for the third quarter ended April 28, 2019. The company reported that, during the", "question_title": "Discontinued Operations Campbell Soup reported discontinued operations in its Form 10Q for", "question_title_for_js_snippet": "Discontinued Operations Campbell Soup reported discontinued operations in its Form 10Q for the third quarter ended April 28, 2019 The company reported that, during the third quarter, it sold its Garden Fresh Gourmet business for approximately $55 million and also signed a definitive agreement for the sale of Bolthouse Farms for $510 million and expects to close the deal before July 2019 The company disclosed the following related to these discontinued operations ($ millions) For the Nine Months Ended April 28, 2019 Net sales $666 Earnings (loss) from operations, after tax (279) Loss on sale of businesses, net of tax (52) Loss from discontinued operations $(331) a Which of the following best describes how Campbell Soup reported the Bolthouse transaction i Campbell Soup will report the Bolthouse unit as discontinued operations in the quarter in which the unit is formally sold ii Campbell Soup reported the Bolthouse unit as discontinued operations in the April 28, 2019, income statement even though the unit had not been formally sold by then iii Campbell Soup will retroactively report the Bolthouse unit as discontinued operations in the year in which the unit is formally sold iv Campbell Soup will prorate the effects of the Bolthouse", "question_description": "Discontinued Operations Campbell Soup reported discontinued operations in its Form 10Q for the third quarter ended April 28, 2019. The company reported that, during the third quarter, it sold its Garden Fresh Gourmet business for approximately $55 million and also signed a definitive agreement for the sale of Bolthouse Farms for $510 million and expects to close the deal before July 2019. The company disclosed the following related to these discontinued operations ($ millions). For the Nine Months Ended April 28, 2019 Net sales $666 Earnings (loss) from operations, after-tax (279) Loss on sale of businesses, net of tax (52) Loss from discontinued operations $(331) a. Which of the following best describes how Campbell Soup reported the Bolthouse transaction? i. Campbell Soup will report the Bolthouse unit as discontinued operations in the quarter in which the unit is formally sold. ii. Campbell Soup reported the Bolthouse unit as discontinued operations in the April 28, 2019, income statement even though the unit had not been formally sold by then. iii. Campbell Soup will retroactively report the Bolthouse unit as discontinued operations in the year in which the unit is formally sold. iv. Campbell Soup will prorate the effects of the Bolthouse", "transcribed_text": "", "related_book": { "title": "Intermediate Accounting", "isbn": "470964731, 978-0470964736, 978-0470161012", "edition": "9th Canadian Edition, Volume 2", "authors": "Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield.", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/516.jpg", "uri": "\/textbooks\/intermediate-accounting-9th-canadian-edition-volume-2-516", "see_more_uri": "" }, "free_related_book": { "isbn": "1619549190", "uri": "\/textbooks\/the-turbine-pilots-flight-manual-4th-edition-9781619549197-9781619549203", "name": "The Turbine Pilots Flight Manual", "edition": "4th\u00a0Edition" }, "question_posted": "2024-06-29 01:23:55", "see_more_questions_link": "\/study-help\/questions\/business-corporate-finance-2020-July-01", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/a-particle-of-mass-m-whose-total-energy-is-twice", "description": "A particle of mass m whose total energy is twice its rest energy collides with an identical particle at rest. If they stick together, what is the mass of the resulting composite particle? What is its...", "stars": 3 }, { "url": "\/study-help\/psychology-2e\/describe-four-possible-solutions-to-the-tensions-between-revelation-and-1985024", "description": "Describe four possible solutions to the tensions between revelation and reason.", "stars": 3 }, { "url": "\/the-following-information-was-taken-from-the-financial-statements-of-195525", "description": "The following information was taken from the financial statements of Tolbert Inc. for December 31 of the current fiscal year: Common stock , $20 par (no change during the year).... $10,000,000...", "stars": 3 }, { "url": "\/study-help\/questions\/royal-lawncare-company-produces-and-sells-two-packaged-productsweedban-and-9851772", "description": "Royal Lawncare Company produces and sells two packaged productsWeedban and Greengrow. Revenue and cost information relating to the products follow: Product Weedban Greengrow Selling price per unit $...", "stars": 3 }, { "url": "\/study-help\/questions\/explain-5-point-on-how-tesla-is-is-responsive-towards-5153220", "description": "Explain 5 point on how TESLA is is responsive towards their customers", "stars": 3 }, { "url": "\/study-help\/questions\/based-on-the-information-given-in-the-figure-determine-the-1024177", "description": "Based on the information given in the figure, determine the necessary power input to the compressor (Win). Yout=26 kJ\/kg P = 600 kPa T2=600 K Air m = 0.02 kg\/s P = 100 kPa T = 480 K Win = ?", "stars": 3 }, { "url": "\/study-help\/questions\/read-the-article-this-map-shows-the-scale-of-the-1000985", "description": "Read the article, \"This Map Shows the Scale of the 16th- and 17th-Century Scottish Witch Trials\" located in the module resources. When reviewing this article, you may consult the map or the text. As...", "stars": 3 }, { "url": "\/study-help\/questions\/suppose-that-l-is-a-location-function-of-an-object-1000873", "description": "Suppose that L is a location function of an object, given as L(t) instantaneous velocity of the object at t First we compute and simplify L(5+ h). L(5+ h) = = 2t 1. We will compute the 5 as follows....", "stars": 3 }, { "url": "\/study-help\/questions\/use-the-following-account-balances-from-the-adjusted-trial-balance-5514324", "description": "Use the following account balances from the adjusted trial balance of Flora Wholesalers: Account Debit Balance Credit Balance Cash $ 4,200 Accounts receivable $ 300 Accounts payable $ 1,100 H. Jones,...", "stars": 3 }, { "url": "\/study-help\/questions\/a-physician-hopes-to-advocate-for-a-new-medical-records-5492717", "description": "A physician hopes to advocate for a new medical records system that he believes will save his department money. He has a good idea of the money that can be saved each year, and has received several...", "stars": 3 } ], "next_back_navigation": { "previous": "\/study-help\/questions\/when-faced-with-novel-and-complex-situations-it-is-better-4438080", "next": "\/study-help\/questions\/i-have-this-answer-i-want-the-work-please-the-4438082" }, "breadcrumbs": [ { "name": "Study help", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers" }, { "name": "Business", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers\/business" }, { "name": "Accounting", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/business-accounting" }, { "name": "Discontinued Operations Campbell Soup reported discontinued operations in its Form 10Q for", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/discontinued-operations-campbell-soup-reported-discontinued-operations-in-its-form-4438081" } ], "skill_details": { "skill_id": "9", "skill_name": "Accounting", "parent_id": "1" } } } }