Omega Company reported net incomes in 2013 and 2014 before sustaining a significant operating loss in 2015 . All of the 2015 loss can be carried back against the income of 2013 and 2014 for purposes of determining the company's 2015 income tax liability. How should the carryback be presented in the company's 2015 financial statements?
a. As an extraordinary item in the income statement
b. As a revenue from operations in the income statement
c. As the correction of an error in the retained earnings statement
d. As a reduction in the operating loss on the income statement for the year 2015
D
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The marketing research proposal does not include a reporting section because a separate final report of the research project findings is provided at the end of the project
Indicate whether the statement is true or false
Which of the following items is not shown on a single-step income statement?
a. Cost of goods sold b. Interest expense c. Selling expenses d. Gross margin
Which of the following is considered a major physiological impairment by the Americans with Disabilities Act Amendments Act (ADAAA)?
A) undergoing mental stress B) a history of surgery C) nursing a temporary but contagious ailment D) having cancer
Discrimination based on national origin does not generally apply to _________
Fill in the blank(s) with the appropriate word(s).