Question

Identify whether each of the following items would be classified as:
• Income from continuing operations (C)
• Income from discontinued operations (D)
• A change in accounting prin
a. $2,500 gain on the sale of office furniture.
b. $18,000 increase in income as a result of changing from DDB depreciation to straight-line depreciation.
c. Income tax expense
d. $85,000 loss incurred as a result of closing the Coeur d’Alene, Quebec store location.
e. $4,600 loss incurred as a result of a company vehicle being involved in an accident.


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  • CreatedJuly 08, 2015
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