Which of the following is/are correct?
a. Discontinued operations are shown as the last category after income from continuing operations.
b. The discontinued operations section of the income statement consists only of the gain or loss on disposal of the discontinued component net of the tax effect.
c. The discontinued operations section of the income statement consists only of the income or loss from operating the discontinued component net of the tax effect.
d. The discontinued operations section of the income statement consists of the income or loss from operating the discontinued component net of the tax effect as well as the gain or loss on disposal of the discontinued component net of the tax effect.
e. None of these answer choices is correct.
D
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A parent company's investment account would include an element which is representative of :
A. the goodwill accrued since the purchase of the investee. B. the recorded current value of the investee's assets. C. the unrecorded difference between fair value and book value of the investee's assets. D. the unrecorded book value of the investor's assets.
Which of the following statements is true about management compensation?
a. The use of stock options as compensation can result in short–term dysfunctional behavior. b. Stock–based management compensation is provided to encourage managers to have a long term view in their decision making process. c. Under stock–based compensation, a manager may not be rewarded even if his or her individual performance is very good. d. All of these choices are true.
Based on the information contained in Tables 4-5, what was Yen's operating profit margin for
2010? A) 14.29% B) 21.34% C) 11.67% D) 26.50%
Before being controversially struck down by the Supreme Court in the Citizens United case, the McCain-Feingold Act:
a. allowed political speech by all non-profit corporations b. prohibited for-profit and non-profit corporations and unions from broadcasting "electioneering communication" c. promoted "electioneering communication" by political parties d. prohibited for-profit, but not non-profit, corporations and unions from broadcasting "electioneering communication" e. none of the other choices are correct