8. Which of the following should not be reported in Discontinued Operations? a. Nikey company sold a major division which produces and sells all its clothes. The cash flow and operations of the division can be clearly distinguished from the rest of the company. b. A manufacturing company moved two manufacturing plants from the U.S. to Mexico. The cash flow and operations of the two plants can be clearly distinguished from the rest of the company. c. A cleaning product company sold one major product line which produced 30% of the company's total revenues. The cash flow and operations of the division can be clearly distinguished from the rest of the company. d. Adedis company sold a major division which produces and sells all its bikes. The cash flow and operations of the division can be clearly distinguished from the rest of the company. 9. Which of the following is not included in comprehensive income? a. unrealized gains in the fair market value of land b. Unrealized loss for available-for-sale securities Unrealized gains due to foreign currency translation adjustments net income c. d.

8. Which of the following should not be reported in Discontinued Operations? a. Nikey company sold a major division which produces and sells all its clothes. The cash flow and operations of the division can be clearly distinguished from the rest of the company. b. A manufacturing company moved two manufacturing plants from the U.S. to Mexico. The cash flow and operations of the two plants can be clearly distinguished from the rest of the company. c. A cleaning product company sold one major product line which produced 30% of the company's total revenues. The cash flow and operations of the division can be clearly distinguished from the rest of the company. d. Adedis company sold a major division which produces and sells all its bikes. The cash flow and operations of the division can be clearly distinguished from the rest of the company. 9. Which of the following is not included in comprehensive income? a. unrealized gains in the fair market value of land b. Unrealized loss for available-for-sale securities Unrealized gains due to foreign currency translation adjustments net income c. d.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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