Multiple Choice
Which of the following is NOT included in income from continuing operations?
A) gain on sale of machinery
B) a segment of a business that has been discontinued
C) cost of goods sold
D) losses due to lawsuits
Correct Answer:

Verified
Correct Answer:
Verified
Q152: Home Gallery,Inc.had beginning retained earnings of $125,000
Q153: To compare companies of different sizes,investors need
Q154: Stock dividends have no effect on the
Q155: Interest revenue and interest expense are not
Q156: Valley,Inc.has 9000 shares of preferred stock outstanding.The
Q158: Treasury stock _.<br>A) decreases the number of
Q159: A corporation is a separate legal entity
Q160: Which of the following statements is TRUE?<br>A)
Q161: Regarding discontinued operations,which of the following statements
Q162: Assume the following information for Western Sales,Inc.: