Answer:
The correct answer is letter "B": a line item within income from continuing operations.
Explanation:
Unusual items are those not inherent in the operations of a business. Examples of unusual in character items are plant shutdown costs, costs from acquiring other businesses, or losses due to ti natural disasters. Unusual items according to the Generally Accepted Accounting Principles (GAAP) must appear in the income statement. Though, they appear in separate lines like items to give a better idea of the transactions a company incurs given a period.
Thus, <em>losses incurred as an unusual character will have to be registered in the income statement in the operating income section.</em>
It's how organized you are in a group and/or individual setting.
Answer:
c.$10,500
Explanation:
The computation of the deferred income tax asset is shown below:
= Warranty expense for book purposes × U.S tax rate
= $50,000 ×21%
= $10,500
For computing the deferred income tax asset reported, we simply multiply the warranty expense with the U.S tax rate.
Hence, we ignored the net income before tax as it is an irrelevant part which is given in the question
Answer:
True
Explanation:
The following statements are true; Unit-level activities are performed for each unit that is produced. Batch-level activities are performed for each batch regardless of how many units are in the batch. Product-level activities must be carried out to support a product regardless of how many batches are run or units produced. Customer-level activities must be carried out to support customers regardless of what products or services they buy. Organization-sustaining activities are carried out regardless of the company’s precise product mix or mix of customers.