Please do all

PL

Gross profit is the difference be tween: A. Net Income and Operating Income B. Revenues and Expenses C. Sales and Cost of Goods Sold D. 25. Income from Continuing Operations and Discontinued Operations E. Gross Sales and Sales Discounts Which of the following would be included in operating income? A. Interest Income for a Manufacturing Firm, B. Rental Income for a Leasing Subsidiary C.Gain from Sale of Marketable Securities for a Retailer D.Dividend Income for a Service Firm E. None of the Above 26 When a company discontinues and disposes of a segment of its operations, the gain or loss from disposal should be reported 27. A. An Adjus tment to Retained Earnings . C. An Extra ordinary Item D. An Accounting Change E. A Gain or Loss from Discontinued Operations. as: Sale of Fixed Asse ts in "Other" Expense and Which of the following would be classified as an extraordinary item on the income statement? A. Loss from a Strike B. Correction of an Error Related to a Prior Period C. Write Off of Obsole te Inventory D. Loss on Disposal of a Segment of Business E. Loss Resul ting from an Earthquake in Pennsylvania A manufacturing firm will most likely have the heaviest investment in which type of asset? A. Cash B. Inventory C. Accounts Receivable D. Investments E. Plant, Property, and Equipment A retailing firm has which type of inventory? A. Raw Materials B. Work in Process nea C. Finished Goods end? D. A and C . , , and C