Regarding discontinued operations, which of the following statements is incorrect?
A) Gain and losses on the sale of plant assets are not reported as discontinued operations.
B) A loss on discontinued operations is reported with an addition for the applicable income tax.
C) Most analysts do not include the results of discontinued operations in financial analysis.
D) The discontinued operations heading of the income statement includes segments of the business that have been sold.
B
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Liquidity measures are intended to indicate an entity's ability to pay long-term debts as they come due
a. True b. False Indicate whether the statement is true or false
The Lucy Corporation purchased and used 129,000 board feet of lumber in production, at a total cost of $1,548,000. Original production had been budgeted for 22,000 units with a standard material quantity of 5.7 board feet per unit and a standard price of $12 per board foot. Actual production was 23,500 units. Compute the material price variance
A) 0 B) 59,400U C) 59,400F D) 6,000U
Inputs available to produce products or services identified in the workflow analysis include:
A. money, property, transportation, and brain power. B. machines, material, manpower, and money. C. material, recyclables, sustainable items, and space. D. manpower, education, longevity, and reusable items. E. strategy, mission, and vision
Which of the following statements related to status/power is incorrect?
a. When the Chinese enter a room, they do so in rank order with the highest ranking person last. b. In France high-level executives sit in the middle of the work area. c. U.S. businesspersons perceive an office located in the top floor to be a sign of status. d. Age is viewed as an indication of seniority in Asian cultures.