QUIZs FROM BOOK In reporting discontinued operations, the income statement should show in a special section: Cool Stools Corporation has income before taxes of $400,000 and an extraordinary loss of
QUIZs FROM BOOK In reporting discontinued operations, the income statement should show in a special section: Cool Stools Corporation has income before taxes of $400,000 and an extraordinary loss of
$100,000. $200,000 $24,000; $300,000 $300,000, $325,000 $330,000, $360,000 $400,000 $400,000; $600,000 $75,000. $800,000 (a) (b) (b). (c) (d) 108%. 12%. 120%. 130%. 200%. 2010 2010, 2011, 2012 2012, 2012. 25% 40%. 6%. 600,000 75% 77%. Adams All Amount Asset BOOK Both Cool Corporation Current Days Differential Extraordinary FROM Gain Horizontal IFRS, If In Inventory Net None Percent Plano Property, QUIZs Ratio Receivables Stools The Total Under Unrealized Vertical What Which a ability above. acceptable all amount amount. an analysis, analysis. analysis? and are as assets assets. available-for-sale average base base-year base? be before by by: cash company company’s comprehensive considered coverage current debt depreciation discontinued display disposal do each efficiency equipmen equity evaluating evaluation expense expressed extraordinary fixed flood. following for generally: gross has horizontal in income income. income” inventories? inventory. irregular is item item? items items, its liabilities? liquidity loss loss, managing margin measure net not of on operations, operations. own pay percentage plant, previous profit profit. purchase rate ratio. ratio? recorded related reported reporting represent respectively, respectively. sales sales. schedule section: securities. shares should show special statement stockholders’ tax taxes the the: these to total treatments. turnover type useful vertical what would year, year. years “Other
In reporting discontinued operations, the income statement should show in a special section:
Cool Stools Corporation has income before taxes of $400,000 and an extraordinary loss of $100,000. If the income tax rate is 25% on all items, the income statement should show income before irregular items and an extraordinary loss, respectively, of
(a) $325,000 and $100,000.
(b) $325,000 and $75,000.
(c) $300,000 and $100,000.
(d) $300,000 and $75,000.