Which of the following is true concerning discontinued operations?
a. Only the gain or loss is reported on the income statement.
b. It must be both unusual in nature and infrequent in occurrence.
c. Analysts would not normally include this item in making their decisions.
d. Net income or loss from prior years must also be disclosed in the year of disposition.
c
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For a manufacturer, the budgeted income statement ________.
A) reports cash paid for purchases of direct materials B) includes amounts from the sales, cost of goods sold, cash, and capital expenditures budgets C) is accrual-based D) does not include depreciation expense
Bafa, Bafa is a simulation sometimes used with the intellectual training model
Indicate whether the statement is true or false.
The framers of the Constitution considered it unnecessary to include in the original document liberties that the people were to keep for themselves
a. True b. False Indicate whether the statement is true or false
For an environmental effect to be treated as a public nuisance there must be some interference with the health, safety, or comfort of the public
Indicate whether the statement is true or false