The fuel and oil as a major line of business of San Miguel Enterprises becomes available for immediate sale in its present condition. The termination costs of employees resulting from the discontinuance should be: A. Included in the computation of other comprehensive income B. Shown as other expense C. Shown as a prior period adjustment D. Netted against the income from operations of the component as part of discontinued operation E. None of them
The fuel and oil as a major line of business of San Miguel Enterprises becomes available for immediate sale in its present condition. The termination costs of employees resulting from the discontinuance should be: A. Included in the computation of other comprehensive income B. Shown as other expense C. Shown as a prior period adjustment D. Netted against the income from operations of the component as part of discontinued operation E. None of them
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The fuel and oil as a major line of business of San Miguel Enterprises becomes
available for immediate sale in its present condition. The termination costs of
employees resulting from the discontinuance should be:
A. Included in the computation of other comprehensive income
B. Shown as other expense
C. Shown as a prior period adjustment
D. Netted against the income from operations of the component as part of
discontinued operation
E. None of them
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