On december 31, 20x0, greer co. entered into an agreement to sell its hart segment's assets. on that date, greer estimated the gain from the disposition of the assets in 20x1 would be $700,000 and hart's 20x1 operating losses would be $200,000. hart's actual operating losses were $300,000 in both 20x0 and 20x1, and the actual gain on disposition of hart's assets in 20x1 was $650,000. disregarding income taxes, what net gain (loss) should be reported for discontinued operations in greer's comparative 20x1 and 20x0 income statements?
a. 20x1: $350,000; 20x0: $(300,000)
b. 20x1: $(150,000); 20x0: $200,000
c. 20x1: $50,000; 20x0: $(300,000)
d. 20x1: $0; 20x0: $50,000

Which of the following best explains why treasury bonds have an effect on the size of the money supply? a. the amount of treasury bonds in circulation affects both unemployment and inflation. b. the government can spend more money and charge lower taxes by using treasury bonds. c. the federal reserve bank can buy and sell these bonds to raise or lower bank deposits. d. the interest paid on treasury bonds influences the interest rates charged by private banks. 2b2t

You and your new australian bride matilda, are applying for a loan and are required to submit a balance sheet with your net worth. you own a 2008 toyota camry that you bought last month for $9,995. the kelly blue book value for this car is $13,995. you owe $8,150 on the car loan for the camry. you pay off your visa credit card every month and have not paid any credit card interest this year. the current visa credit card balance is $3,522, and the next statement is due in 15 days. you have a student loan balance of $6,500. you presently have $425 in your checking account and $1,540 in your savings account. you own 100 shares of ibm stock that you purchased for $85.50 per share. one share of ibm is now selling for $158.42. you own computers and other electronics that you purchased for $4,100 but could probably sell today on e-bay for $1,800. your gross income is $80,000 per year. what is your current net worth? (see wb ch. 2 example 2.3)

True tomato inc. makes organic ketchup. to promote its products, this firm decided to make bottles in the shape of tomatoes. to accomplish this, true tomato worked with its bottle manufacture to create a set of unique molds for its bottles. which of the following specialized assets does this example demonstrate? (a) site specificity (b) research specificity (c) physical-asset specificity (d) human-asset specificity