Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

on 38 et ered ed out of National LLC Company had two operating divisions. One division manufactures mobile phones and the other division manufactures television.

image text in transcribed
image text in transcribed
image text in transcribed
on 38 et ered ed out of National LLC Company had two operating divisions. One division manufactures mobile phones and the other division manufactures television. As per GAAP 5, each division is considered separate segments. The mobile phone division, to date, has not been a profitable business segment for the company. As such, on September 1st, 2018 the company created a plan to dispose of the assets of the mobile phone division. The sale was completed on December 1st December 2018 for OMR 850,000. The book value of the division's assets was OMR 3,150,000. The income tax rate for the company is 35% Calculate the net result of a discontinued operation. 9 question on 39 OMR 2,850,000 None of the listed choices Profit or loss attributable to ordinary equity sharehol OMR 1,852,500 OMR 2,300,000 ered en 36 ed out of Al Arwa LLC manufactures a line of equipment that is sold to wholesalers. The company sold 5,000 items of this type this year, which also has a one-year guarantee if the equipment fails. Based on experience, 25% of the items sold are returned for repair. In each case, 35% of the items returned can be repaired at OMR 150, while the remaining 65% need significant repair at OMR 350. What should be the amount of provisions to be made? question n 37 OMR 65,625 OMR 350,000 On March OMR 175,000 outstandin None of the listed choices pany reacquired 300 shares of its ch. The company reissued 240 shares worth 9 Not yet wered Marked out of 1.00 Pag question Al Fawaz SAOG issued share capital throughout an accounting period consists of 600,000 ordinary shares of OMR 20 and 80,000 preference sha shares of OMR 1. Profit after tax for the period is OMR 420,000 and the preference dividend is OMR 10,000, Basic EPS for the period is. OMR0312 OMR0.683 None of the listed choices OMR 0.552

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial And Managerial Accounting

Authors: Susan F. Haka ,Joseph V. Carcello ,Jan R. Williams

18th Edition

1259922189, 978-1259922183

More Books

Students also viewed these Accounting questions

Question

Identify the traditionally segregated duties in IT systems.

Answered: 1 week ago

Question

What are hallucinogens, and what effects do they havepg15

Answered: 1 week ago

Question

6. Explain the power of labels.

Answered: 1 week ago

Question

5. Give examples of variations in contextual rules.

Answered: 1 week ago

Question

f. What stereotypes were reinforced in the commercials?

Answered: 1 week ago