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

Business

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A flexible market offering consists of two parts. Identify and describe these two parts

What will be an ideal response?

Business

________ 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

Business

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

Business

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.

Business