Which of the following most likely would be considered a discontinued operation?
a. Production or marketing functions are shifted from one location to another.
b. A sporting goods manufacturer has a bicycle division that meets FASB's definition of a component of the entity and decides to outsource the manufacture of its bicycles.
c. The unprofitable brands of a beauty products component of an entity that manufactures and sells consumer products are discontinued.
d. An entity that is a franchiser in the quick-service restaurant business also operates company-owned restaurants that are unprofitable in a certain region and, as a result, the entity decides to exit both the quick-service business as well as the company-owned restaurants in that region.
D
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When plant assets are reported, the current period's depreciation expense is subtracted from the original cost on the balance sheet
a. True b. False Indicate whether the statement is true or false
The BCG matrix approach is problematic in that it ________
A) focuses on planning for the future at the cost of ignoring the present B) focuses solely on current businesses and provides little scope for future planning C) tends to undermine the importance of market growth rate as a measure of market attractiveness D) tends to undermine the importance of relative market share as a measure of company strength in the market E) fails to classify SBUs
Briefly define personality traits, also called dispositions.
What will be an ideal response?
Prepare the required general journal entries to record the following transactions for the Ringer Company.a. Purchased $40,000 of raw materials on account.b. Used $12,000 of direct materials in the production department.c. Used $5,000 of indirect materials.
What will be an ideal response?