Question
In a financial year, the company XXX divests an activity for to 15000, which was acquired 5 years before at 20000. The income statement value
In a financial year, the company XXX divests an activity for to 15000, which was acquired 5 years before at 20000. The income statement value of the activity when it has been discontinued is equal to 12000. What is the contribution of this activity to operating profit and net income (please neglect the effect of taxes)
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Accounting Principles Volume 1
Authors: Jerry A. Weygandt, Paul D. Kimmel, Donald E. Kieso
11th Edition
1118751752, 978-1118751756
