Which of the following should be classified as an extraordinary item on the income statement?
A) Gain on a sale of a long term investment.
B) Loss due to discontinued operations.
C) Restructuring charges.
D) Loss resulting from an infrequent natural disaster.
D
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Trein, Inc entered into a one-year, $1 million contract with Mia, a sports celebrity, to promote Trein's products. E-presto Inc, a competitor of Trein, was interested in having Mia promote its products and knew of her contract with Trein. E-presto offered Mia a three-year, $5 million contract. Mia left Trein and signed with E-presto. Which statement is correct?
a. Trein is liable for tortious interference with a contract. b. Mia is liable for tortious interference with a contract. c. E-presto is liable for tortious interference with a contract. d. Both Mia and E-presto are liable for tortious interference with a contract.
Varoom Motors, Inc, sells Weber an Xtrem-Sport motorcycle. The cycle is held by Yeoman's Warehouse for delivery to Weber at Yeoman's location. Risk of loss passes to Weber when she receives A) acopy of the sales contract from Varoom
B) acertificate of title from the state. C) a negotiable document of title from Yeoman. D) none of the choices.
A thief stole Phoebe's car and installed new stereo speakers in it. Later the police caught the thief and returned the car to Phoebe. Phoebe now owns the speakers by accession
Indicate whether the statement is true or false
The value of a futures option is defined as
A) the difference between the option's strike price and its original purchase price. B) the difference between the option's strike price and the market price of the underlying futures contract. C) the strike price of the option multiplied by the mark-to-the-market value. D) the mark-to-the-market value divided by the strike price.