How should the gain or loss that is considered infrequent be disclosed?
A) separately in the income statement immediately after income from continuing operations
B) on a net-of-tax basis in the income statement immediately after income from continuing operations
C) as an contingency item in the footnotes
D) separately in the income statement as a component of income from continuing operations
D
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U-shaped groupings of workers and machines that improve materials handling and flow are known as
a. manufacturing cells. b. efficiency stations. c. multi-flow modules. d. productivity islands.
Place footnotes and source information ___________________
a. below graphs b. above graphs c. next to graphs d. in a list of figures
The cost management system can be used to compute which of the following?
a. cost of non-value-added activities. b. product/service life cycle costs. c. rework costs. d. all of the above can be computed by using the cost management system.
The present value of a future sum decreases as either the discount rate or the number of periods per year increases, other things held constant.
Answer the following statement true (T) or false (F)