Discontinued Operations, Exit and Disposal Costs Journal Entries

Diving into the financial intricacies of wrapping up parts of a business? Nick Palazzolo has got it covered. This clip zeroes in on the journal entries necessary when handling discontinued operations and the related exit and disposal costs. Covering everything from calculating operating losses, to estimating and adjusting liabilities for exit costs, Nick ensures nothing slips through the cracks. Whether it's severance payments, contract terminations, or the disposal of assets, each entry is methodically broken down. Plus, Nick ties these concepts back to real-life examples, giving a practical twist to these complex transactions, and even discusses the tax implications that follow. A comprehensive guide to making these tricky transactions transparent and manageable.