Multiple choices, witch one is correct, thank you,

8, Which of the following statements istrueregarding the reporting of discontinued operations?

A, The impact that the discontinued operations had on any previous year results is not shown for comparative purposes.

B, The income or loss, net of taxes, of the discontinued operations is reported as a separate component of income from continuing operations.

C, Earnings per share data are not reported separately for discontinued operations.

D, By reporting discontinued operations as a separate item, net of taxes, all of the effects of the discontinued business segment are excluded from the revenues, expenses, gains, and losses of continuing operations

10,Which of the following requires an explanatory paragraph in the independent auditors' report?

A, Basing the opinion on the work of another auditor.

B, Uncertainties about the outcome of a significant event that would have affected the presentation of the financial statements.

C, Substantial doubt about the entity's viability to continue as a going concern.

D, None of the above.

1,Top of Form

Which of the following captions would benotbe reported on a single step income statement?

A, Net sales

B, Income from operations

C, Income before taxes

D,Net income

5, Top of Form

Management salaries are an example of a ____________ cost behavior pattern.

A, variable

B, semivariable

C, fixed

D, mixed

11, Top of Form

Cost of Goods Manufactured can be computed as:

A, ending balance of work in process + raw materials used + direct labor costs incurred + manufacturing overhead costs applied - beginning balance of work in process.

B, beginning balance of work in process + raw materials purchased + direct labor costs incurred + manufacturing overhead costs applied - ending balance of work in process.

C, ending balance of work in process + raw materials purchased + direct labor costs incurred + manufacturing overhead costs applied - beginning balance of work in process.

D, beginning balance of work in process + raw materials used + direct labor costs incurred + manufacturing overhead costs applied - ending balance of work in process.

12, As the level of activity decreases:

A, fixed cost per unit decreases.

B, variable cost per unit decreases.

C, fixed cost remains constant in total.

D, variable cost remains constant in total.

A,13, Which activity of the management planning and control process occurs in each phase of the cycle?

B, planning.

C, managing.

D, controlling.

E, decision making.

X10/4,Top of Form

An example of a direct cost in the production of a computer is:

depreciation of production equipment.

production labor costs.

salary of the vice president of production.

material warehouse costs.