Net income does not include

a. income taxes expense.
b. discontinued operations.
c. foreign currency translation adjustments.
d. extraordinary gains and losses.


C

Business

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An instrument is not negotiable if it is

a. payable in Canadian money. b. not dated. c. to be paid when the maker gets married. d. written in pencil.

Business

A company using the perpetual inventory system paid cash for a transportation-in cost. Which of the following choices reflects the effects of this event on the financial statements? Asset=Liab.+Stk.EquityRev.-Exp.=Net Inc.Stmt ofCash FlowsA.-=NA+-NA-NA=NA- OAB.+ -=NA+NANA-NA=NANAC.+ -=NA+NANA-+=-- OAD.+ -=NA+NANA-NA=NA- OA

A. Option A B. Option B C. Option C D. Option D

Business

Which of the following is a defined-contribution plan intended for firms with 100 or fewer employees?

A) 401(k) plan B) SEP plan C) SIMPLE plan D) 403(b) plan

Business

Inspections are formal group activities where participants manually examine code for occurrences of well-known errors

Indicate whether the statement is true or false

Business