U.S. GAAP and IFRS require separate income statement display of income from continuing operations and _____earnings that will not continue because the firm either sold, or made a decision to sell, a portion of its business). Such a requirement aids users of the income statement in predicting future earnings

a. income from discontinued operations
b. extraordinary items
c. changes in accounting principles
d. sale of individual assets
e. none of the above


A

Business

You might also like to view...

When Kraft blends different coffees for the British (who drink coffee with milk), the French (who drink it black), and Latin Americans (who want a chicory taste), it is engaged in ________

A) straight extensions B) product adaptation C) retailer versions D) backward invention E) forward invention

Business

If, with no warning, you are told to cut your presentation time, what is one of your options?

a. Don’t take the time to cite your sources. b. Cut the introduction, and launch right into the body. c. Cut the conclusion, and just say “Thank you” to end your speech. d. Present the same basic message in an abbreviated way.

Business

A(n) ______ is an employee who leaves their home country to go work in another country.

A. parochial B. ethnocentric C. expatriate D. BRIC

Business

Machiavelli’s contribution to strategy suggests that:

a. Remaining powerful is the highest priority b. Listening to your employees’ needs is of utmost importance c. Delegation of authority enhances team performance d. None of the above

Business