__________is a line item on the income statement to reflect the net income or loss of a discontinued business segment as well as any gain or loss incurred from its disposal

Fill in the blank(s) with correct word


Discontinued operations

Business

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In preparing a statement of changes in shareholders' equity, the company includes land given to a shareholder as a dividend. This transaction is included in the statement because it represents

A) an investment by a shareholder that increases equity. B) an investment by a shareholder that decreases equity. C) a distribution to a shareholder that increases equity. D) a distribution to a shareholder that decreases equity.

Business

A ________ interest provides the right to own and possess the land until one dies, but forbids the owner from using the property in such a way as to destroy its value to future holders

A) fee simple absolute B) life estate C) future interest D) conditional estate

Business

Incoterms rules are A) a series of three-letter codes used in international contracts for the sales of goods

B) trade agreements promoting common policies among member states. C) a series of laws designed to make international contracts more uniform and predictable. D) rules outlining when the power of one nation can impose its laws in other countries.

Business

Delegation of authority contributes to vertical differentiation.

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

Business