Acme, Inc has been profitable since its first day of operations, until the recent economic downturn. This year, for the first time in fifty years, Acme has expenses that are greater than its revenues
This loss should be reported on Acme's income statement as ________.
A) an operating loss
B) an extraordinary loss
C) a loss from discontinued operations
D) a non-recurring loss
A
Business
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Which of the following costs are clssified as a period cost?
(a) wages paid to a factory custodian (b) wages paid to a production dept supervisor (c) wages paid to a cost acct'g dept supervisor (d) wages paid to an assembly worker
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Watson Electronics, an MNE based in Canada, tends to follow an ethnocentric staffing model. From which group will it most likely hire for upper-level management positions in its new facility in Germany?
A) home-country nationals B) third-country nationals C) host-country nationals D) local citizens
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