Companies should disclose all of the following in interim reports except

A. Basic and diluted earnings per share.
B. Changes in accounting principles.
C. Post-balance-sheet events.
D. Seasonal revenue, cost, or expenses.

Ans: C. Post-balance-sheet events.

Business

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An appraiser reviewing comparables is using which approach to value?

A) cost B) income C) sales comparison D) gross rent multiplier

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Which of the following is an example of an industrial product grouped under capital items?

A) factory B) cement C) crude petroleum D) coal E) paint

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