A company that reports a discontinued operation or an extraordinary item must also report earnings per share for each of these line items in the notes to the financial statements
Indicate whether the statement is true or false
FALSE .A company that reports a discontinued operation or an extraordinary item must also report earnings per share for each of these line items either on the face of the income statement or in the notes to the financial statements.
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Mack Jacoby sells building supplies. His annual sales equal $450,000. His total fixed costs annually equal $75,000. The cost of goods sold annually is $335,000. Calculate his gross profit percentage.
A. 34.3% B. 20.3% C. 11.9% D. 25.6% E. Cannot be determined from information given
Megha is revising her organization’s policy around annual raises and wondering whether to reward employees who have been with the company the longest or those who have closed the most sales. She is considering ______.
A. ability to pay B. types of compensation C. performance- or longevity-based pay D. skill- or competency-based pay
Which of the following statements is not true?
A) The information in the statement of cash flows helps investors, creditors, and others to assess a company's ability to produce future cash inflows. B) The information in the statement of cash flows helps investors, creditors, and others to judge a company's ability to meet it future obligations. C) The information in the statement of cash flows helps investors, creditors, and others to estimate the company's needs for external financing. D) The information in the statement of cash flows helps investors, creditors, and others to show the inflows and outflows of net income on the accrual basis.
Using the data in Table M2-5, determine the optimal arc of stage 4
A) 1 - 2 B) 2 - 4 C) 1 - 3 D) 3 - 4 E) None of the above