Which of the following statements is true regarding extraordinary items on the income statement?
a. U.S. GAAP prohibits the presentation of extraordinary items on the income statement.
b. IFRS prohibits the presentation of extraordinary items on the income statement.
c. U.S. GAAP allows extraordinary gains and losses on the balance sheet.
d. IFRS allows the classification of gains and losses on the income statement as
extraordinary as long as long as they are both unusual in nature and infrequent in occurrence.
b
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Which of the following best describes quid pro quo sex discrimination?
A. employment discrimination because of pregnancy, childbirth, or related medical conditions B. discrimination where sexual favors are requested in order to obtain a job or be promoted C. discrimination in hiring or promotion based on the gender of the employee under consideration D. selective or partial treatment offered to an employee or a group of employees based on their gender
Huston Company, a manufacturer of office supplies, provides the following financial information
Pen Division Pencil Division Operating income $100,000 $40,000 Net sales $500,000 $150,000 Total assets at Jan. 1 $580,000 $350,000 Total assets at Dec. 31 $610,000 $300,000 Calculate the return on investment for the Pen Division. (Round your answer to two decimal places.) A) 16.81% B) 12.31% C) 17.24% D) 16.39%
It is a good idea to add a penalty clause to an outsourcing agreement to ensure that work is completed on time.
Answer the following statement true (T) or false (F)
Brown Corporation purchased all of the stock of Grey Corporation. The appraisal remedy is not available to a dissenting shareholder of Brown Corporation
Indicate whether the statement is true or false