governments of countries can encourage trade by minimizing interference with the free exchange of goods and services.

Chance company had two operating divisions, one manufacturing farm equipment and the other office supplies. both divisions are considered separate components as defined by generally accepted accounting principles. the farm equipment component had been unprofitable, and on september 1, 2018, the company adopted a plan to sell the assets of the division. the actual sale was completed on december 15, 2018, at a price of $600,000. the book value of the division’s assets was $1,000,000, resulting in a before-tax loss of $400,000 on the sale. the division incurred a before-tax operating loss from operations of $130,000 from the beginning of the year through december 15. the income tax rate is 40%. chance’s after-tax income from its continuing operations is $350,000. required: prepare an income statement for 2018 beginning with income from continuing operations. include appropriate eps disclosures assuming that 100,000 shares of common stock were outstanding throughout the year. (amounts to be deducted should be indicated with a minus sign. round eps answers to 2 decimal places.)

In 1948, the president of the united states earned a salary of $75,000. in 2000, the president earned a salary of $400,000. knowing that the cpi for 1948 is 24.1 and the cpi for 2000 is 172.2, convert the 1948 salary to constant 2000 dollars. when comparing constant dollar amounts, whose salary was worth more--harry truman, president in 1948, or bill clinton, president in 2000

A76-year old female with degenerative joint disease made an appointment with an orthopedic surgeon. the patient stated she has had severe pain in her right knee for six months. she has tried physical therapy and steroid injections but has not had any relief. the surgeon has agreed to schedule a right total knee arthroplasty (knee replacement).