Which of the following is correct?
a. Discontinued operations are shown as the last category after income from continuing operations.
b. The discontinued operations section of the income statement consists only of the gain or loss on disposal of the discontinued component net of the tax effect.
c. The discontinued operations section of the income statement consists only of the income or loss from operating the discontinued component net of the tax effect.
d. The discontinued operations section of the income statement consists of the income or loss from operating the discontinued component net of the tax effect as well as the gain or loss on disposal of the discontinued component net of the tax effect.
D
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Answer the following statement true (T) or false (F)
Baird Company reported depreciation expense of $27,200 and net income of $50,400 on its Year 1 income statement. During Year 1, the company's accounts receivable balance decreased by $13,600. Based on this information alone, what was the amount of cash flow from operating activities?
A. $50,400 B. $36,800 C. $91,200 D. $77,600
Most states permit a nuncupative will if it is made before witnesses.
Answer the following statement true (T) or false (F)
________ is the extent to which a society encourages people to be tough, confrontational, and competitive rather than modest and tender.
A. Future orientation B. Institutional collectivism C. Assertiveness D. Humane orientation