Which of the following items would be reported net of tax on the face of the income statement?
a. Prior period adjustment
b. Unusual gain
c. Cumulative effect of a change in an accounting principle
d. Discontinued operations
Answer: d. Discontinued operations
You might also like to view...
To determine the ________, marketers need to know the total advertising costs and the total number of purchases made
A) bounce rate B) conversion rate C) cost per order D) clickthrough rate E) market share
A rifle manufacturer needs muzzles, trigger mechanisms, and wooden gunstocks to produce rifles. Without these items the manufacturer cannot produce its rifles
It will reduce its demand for trigger mechanisms and gunstocks if suppliers are unable to sell the muzzles it needs. This is an example of ________ demand. A) reverse B) synergistic C) joint D) reciprocal E) inelastic