A company is not required to report a per share amount on the face of the income statement for which of the following items?
a. Net income
b. Prior period adjustment
c. Extraordinary item
d. Discontinued operations
Answer: b. Prior period adjustment
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What will be an ideal response?
________ refers to marketing via the Internet using company Web sites, online advertising and promotions, e-mail marketing, online video, and blogs
A) Digital marketing B) Social media marketing C) Direct marketing D) Online marketing E) Multimedia marketing
A third party who is not in privity of contract but who has rights under the contract and can enforce the contract against the promisor is called an incidental beneficiary
Indicate whether the statement is true or false
In a sale and leaseback
A. the lessee sells its equipment back to the lessor after a period of time. B. the lessee sells equipment to a lessor and leases back the equipment. C. the lessor borrows funds to purchase the asset from the lessee. D. the lessor sells the asset to the lessee.