Discontinued operations and extraordinary items are two components of the income statement that are reported after income from operations or are reported separately because of their unique nature

a. True
b. False
Indicate whether the statement is true or false


True

Business

You might also like to view...

How have attitudes regarding sustainability changed in recent years? Provide at least one specific example of a firm adopting sustainability initiatives and the results of this adoption.

What will be an ideal response?

Business

According to the CISG, the rules of private international law would be the final source used for deciding legal questions governed by the convention

Indicate whether the statement is true or false

Business

The finance department is typically responsible for developing an organization's corporate social responsibility program.

Answer the following statement true (T) or false (F)

Business

The Model Business Corporation Act is a state statute that, like the UCC, has been adopted by all of the states in the United States to make state incorporation statutes uniform throughout the United States

a. True b. False Indicate whether the statement is true or false

Business