A separate section of the income statement reporting information about discontinued operations is included
a. only if the sale resulted in a loss.
b. in every income statement prepared in accordance with the GAAP.
c. any time a major business asset is sold.
d. if a firm sells, during the period, or plans to sell, during the next period, a major division or segment of its business.
e. if a firm has sold during the previous period, or plans to sell during the next period, a major division or segment of its business.
D
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The most frequent uses of assessment are to identify employees with managerial potential to measure current managers' strengths and weaknesses.
Answer the following statement true (T) or false (F)
A nation where the major forces for jobs, revenues, and taxes come from farming or extractive industries like forestry, mining, or oil production is a(n):
A. efficiency-driven economy. B. competency-driven economy. C. innovation-driven economy. D. factor-driven economy.
In order to sue for battery, a plaintiff must prove that he or she has received a physical injury
a. True b. False Indicate whether the statement is true or false
Which of the following inventory valuation methods should be used for unique items?
A) first-in, first-out B) last-in, first-out C) weighted-average D) specific identification