Sheridan Corporation had income from continuing operations of $751,000 (after taxes) in 2020. In addition, the following information, which has not been considered, is as follows.

1. A machine was sold for $158,000 cash during the year at a time when its book value was $133,000. (Depreciation has been properly recorded.) The company often sells machinery of this type.
2. Sheridan decided to discontinue its stereo division in 2020. During the current year, the loss on the disposal of this component of the business was $212,000 less applicable taxes.

Present in good form the income statement of Sheridan Corporation for 2020 starting with "income from continuing operations." Assume that Sheridan's tax rate is 30% and 200,000 shares of common stock were outstanding during the year. (Round per share values to 2 decimal places, e. g. $1.48.)

hi there, i would say your answer is:

b. there is a fixed quantity of resources and technology available.

hope that : )

answer(b) equal; set period;

the answer is "b.the increased supply will create a surplus. "

the essential thought behind price controls is straightforward - utilize the power of law to modify the equilibrium of a market. for instance, the legislature may choose that the steel business needs to survive, and in this way pass a law to set a value floor on steel. this implies all steel sold must offer at or over the floor value, which must be set over the equilibrium cost for it to have any impact. the switch could likewise happen - the administration can choose that steel is excessively costly and set a value roof underneath its equilibrium value, with the goal that all steel must be sold at or beneath that ceiling.

it established new limitations on use and disclosure for marketing purposes, prohibited selling medical information, expanded individuals’ rights to accessing their own information, and to obtain restrictions from certain disclosures of protected heath information to health plans.