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kvasek [131]
3 years ago
9

On November 1, Year 2, Smith Co. contracted to dispose of an industry segment on February 28, Year 3. Throughout Year 2, the seg

ment had operating losses. These losses were expected to continue until the segment's disposition. Which of the following losses should be included in discontinued operations reported in Smith's Year 2 income statement?
I. Operating losses for the period January 1 to October 31, Year 1.
II. Operating losses for the period November 1 to December 31, Year 1.
III. Estimated operating losses for the period January 1 to February 28, Year 2.


a. II and III only.
b. I and II only.
c. II only.
d. I and III only.
Business
1 answer:
Mars2501 [29]3 years ago
5 0

Answer:

Choice "B" is correct. The operating losses to be included in Smith's Year 1

Explanation:

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Answer: The correct answer is "b. Unprotected lands exist inside federal parks.".

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Kobotan [32]

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Answer B.

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3 years ago
Ruth is a mother of two, loves to travel, is a member of a book club, enjoys jogging, likes to wear the latest fashions, and is
Margaret [11]

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At December 31, 2021 and 2020, P Co. had 58,000 shares of common stock and 5,800 shares of 5%, $100 par value cumulative preferr
Finger [1]

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$10.19 per share

Explanation:

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