U.S. GAAP and IFRS require separate income statement display of income from continuing operations and _____earnings that will not continue because the firm either sold, or made a decision to sell, a portion of its business). Such a requirement aids users of the income statement in predicting future earnings
a. income from discontinued operations
b. extraordinary items
c. changes in accounting principles
d. sale of individual assets
e. none of the above
A
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Which of the following are risks of a focused low-cost or focused differentiation strategy?
a. Buyers incur high costs in switching from one brand to another within the niche market. b. Competitors find effective ways to match the focused firm's capabilities in serving the target niches. c. The segment becomes so attractive that competitors move in, intensifying rivalry and negatively impacting profits. d. The preferences and needs of niche members shift toward the product attributes desired by the majority of buyers.
If a company’s operating profit margin is 4% and its total asset turnover is 1.5 times, its operating return on assets is
A. 2.7%. B. 6.0%. C. 7.3%.