Which of the following is reported for interim financial reports using the discrete approach?
A. Change in accounting principle.
B. Discontinued operations.
C. Seasonal items.
D. Income tax expense.
E. Property tax expense.
Answer: B
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Which of the following best describes a major source of secondary information on market segments?
A) primary data B) behavioral data C) syndicated data D) focus group data
A benefit of shared leadership compared with a non-shared leadership process is ______.
A. more cohesion B. more challenges C. more conflict D. more disruption
A ________ is a strong stimulus that encourages action to reduce or satisfy a need.
A. motivation B. deed C. drive D. want E. desire
An apartment building with an adjusted basis of $500,000 was destroyed by a tornado on April 30, 2018. On May 10, 2018, the insurance company paid the owner $695,000. The owner reinvested $570,000 in a new apartment complex. What is the basis of the new complex if non-recognition of gain from an involuntary conversion is elected?
A. $500,000. B. $625,000. C. $695,000. D. $570,000.