The Kerr-Graham Corporation had two operating divisions, one manufacturing cooking utensils and the other herb gardens. Both divisions qualified as…
The Kerr-Graham Corporation had two operating divisions, one manufacturing cooking utensils and the other herb gardens. Both divisions qualified as separate components of the entity. On September 15, 2013, the company adopted a plan to sell the assets of the herb garden division. The actual sale was made on December 8, 2013, at a price of $1.8 million. The book value of the division’s asset […]