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sammy [17]
3 years ago
14

If a company owns multiple lines of business in different areas such as cable TV, film entertainment, networks, and publishing,

and decides to sell a specific unit, the resulting gain or loss would most likely be classified as a(n)______ on the income statement.
Business
1 answer:
Zepler [3.9K]3 years ago
8 0

Answer: The answer is Discontinued Operation.

Explanation: Discontinued Operation in financial accounting is a term that is used to refer to part(s) of a company’s line of businesses or products that have been sold or shut down.

Discontinued operations are reported on the income statement, but separately from continuing operations.

The decision to list discontinued operations separately on the income statement is useful because it shows investors where the profits are coming from and which operations have ceased to function, especially useful when companies are about to merge.

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An adequate supply of complements to a product results in: a. more customers opting for the product. b. higher switching costs.
Rama09 [41]

Answer: a. more customers opting for the product

Explanation: It is important for a companies and businesses to ensure that in addition to the product they deal in itself, there is an adequate supply of complements. Complements to a product are products whose use is related to the use of an associated product, as such, its appeal increases with increasing use or popularity of its complement. An adequate supply of complements to a product results in more customers opting for the product.

8 0
2 years ago
Which of the following comes closest to the value at the end of year 6 of investing $600 today (year 0) and then investing anoth
cestrela7 [59]

Answer:

The correct answer is B.

Explanation:

Giving the following information:

Investment= $600 today and $600 at the end of year 5

Interest rate= 3%

To calculate the final value, we need to apply the following formula on each investment:

FV= PV*(1+i)^n

FV= 600*(1.03^6)= $716.43

FV= 600*(1.03^1)= $618

Total FV= $1,334.43

5 0
3 years ago
Which statement is true about the gross profit method of inventory valuation?
Travka [436]

Answer:

b. It may be used to estimate inventories for interim statements.

Explanation:

As we know that

Gross profit = Sales - the cost of goods sold

By doing the inventory valuation through the gross profit method, it estimated inventories for interim statements as these statements are covering the financial information that is less than a year so that the proper analysis could be made and in this, no auditing is required.  

Therefore, for interim statements, the gross profit method is required.  

 

6 0
3 years ago
The Human Services career path is where "public servants" of the world work.
Anton [14]

Answer:

false

Explanation:

5 0
2 years ago
A __________ inventory system is a small, wheeled container used in a just-in-time inventory system to move component parts from
STatiana [176]

Answer:

Kanban inventory system

Explanation:

Kanban inventory system -

It refers to as the system , which make sure than the company's stores only the required components in the production or distribution process , is referred to as kanban inventory system .

The Kanban system enables to give indication for reordering or rearrange the stock  .

Hence , from the given information of the question ,

The correct answer is Kanban inventory system .

7 0
3 years ago
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