An item that should be classified as an extraordinary item is
a. write-off of goodwill.
b. gains from transactions involving foreign currencies.
c. losses from moving a plant to another city.
d. gains from a company selling the only investment it has ever owned.
Answer: d. gains from a company selling the only investment it has ever owned.
Business
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Jamieson is considering a 5-year, $250,000 project with annual cash flows of $90,000. If the company's required return is 10%, determine its discounted payback.
A) 3.79 years B) 4.01 years C) 3.27 years D) 3.43 years
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Why do organizations appoint an ethics officer?
What will be an ideal response?
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