Which of the following most likely would be considered a discontinued operation?
a. Production or marketing functions are shifted from one location to another.
b. A sporting goods manufacturer has a bicycle division that meets FASB's definition of a component of the entity and decides to outsource the manufacture of its bicycles.
c. The unprofitable brands of a beauty products component of an entity that manufactures and sells consumer products are discontinued.
d. An entity that is a franchiser in the quick-service restaurant business also operates company-owned restaurants that are unprofitable in a certain region and, as a result, the entity decides to exit both the quick-service business as well as the company-owned restaurants in that region.
D
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Kilowatt hours would be an appropriate basis for distributing the cost of which of the following service departments to production departments?
a. Power b. Machine Maintenance c. Human Resources d. Building Maintenance
A document describing a business that is filed with the state in which a business is formed is referred to as articles of incorporation
a. True b. False Indicate whether the statement is true or false