Why are results from discontinued operations separated from results from continuing operations on an income statement?
What will be an ideal response?
Answer: A company must be able to separate the discontinued component's operations and cash flows from the continuing operations' earnings and cash flows. It should also be able to separately report discontinued operations in its financial statements. This segregate the continuing predictable cash flow from the transitory cash flows that are not like to have any impact on the future cash flows of the company.
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Theoretical capacity reduced by normal and anticipated work stoppages is called
a. practical capacity. b. normal capacity. c. ideal capacity. d. excess capacity.
The RUPA provides that partners are ____ liable on all contract obligations of the partnership
A) jointly and severally B) strictly C) not D) partially