The financial segment includes the
a. pro forma balance sheet.
b. profit statement.
c. cost statement.
d. R&D statement.
ANSWER: a
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As part of their normal course of business, companies sometimes sell off entire divisions or segments. The accounting treatment for such sales is composed of two components and a reporting format. Required:
a. Describe the accounting treatment and reporting format used for such sales. b. Discuss why such sales are separated from other parts of the income statement.
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Dealing directly with employees during collective bargaining is considered bad faith bargaining and violates the National Labor Relations Act. Given that an employer needs to know how its employees feel about various terms and conditions of employment, how can it avoid direct dealing during negotiations?
What will be an ideal response?
Which of the following is least likely to be regarded as a necessary?
a. Rent. b. Food. c. Medical expenses. d. Educational expenses.