1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Shalnov [3]
2 years ago
9

All of the following statements regarding a business segment are true except:_______a. A business segment is a part of a company

's operations that serves a particular product line. b. A segment has assets, liabilities, and financial results of operations that can be distinguished from those of other parts of the company. c. A company's gain or loss from selling or closing down a segment is reported separately The income tax effects of a discontinued segment are combined with income tax from continuing operations. d. A segment's income for the period prior to the disposal and the gain or loss resulting from disposing of the segment's assets are reported separately.
Business
1 answer:
Slav-nsk [51]2 years ago
7 0

Answer: The income tax effects of a discontinued segment are combined with income tax from continuing operations.

Explanation:

A business segment is part of a company's operations which serves a particular product line and it should be noted that the segment has assets, liabilities, and financial results of operations which can be differentiated from those of other parts of the company.

The option that the income tax effects of a discontinued segment are combined with income tax from continuing operations is not true.

You might be interested in
Financial statements are prepared: Group of answer choices For corporations, but not for sole proprietorships or partnerships. P
telo118 [61]

Answer:

Primarily for the benefit of persons outside of the business organization.

Explanation:

Financial accounting is an accounting technique used for analyzing, summarizing and reporting of financial transactions like sales costs, purchase costs, account payables and receivables of an organization using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP) and financial accounting standards board (FASB). The financial accounting standards board (FASB) is a private, non-profit organization saddled with the responsibility of establishing and maintaining standard financial accounting and reporting for general guidance of individuals such as investors, issuers and auditors.

Financial reporting can be defined as the formal communication or disclosure of financial information and statements to present and potential users such as investors and creditors.

Financial statements can be defined as a document used for the formal communication or disclosure of financial information and statements to present and potential users such as investors and creditors. Thus, it includes balance sheet, statement of retained earnings and income statement. The information that are found in a financial statement are revenues, expenses, liability, equity and assets.

Hence, the primary objective of financial accounting is to provide accounting information for external users so as to enable them have a good understanding of the financial inclination of a business firm and thus, make an informed decision whether or not to invest in the business firm.

In Accounting, the external users of a financial accounting information includes customers, creditors, investors shareholders and government regulators.

8 0
2 years ago
other students in school learn that you are making money by selling bracelets. they decide to open their own bracelet businesses
vampirchik [111]
Well there's more competition, because you're not the only one who sells bracelets anymore
5 0
3 years ago
Read 2 more answers
President bill clinton attempted to protect american firms from foreign competition by placing a government tax on japanese auto
lukranit [14]

C.  A tariff

Tariffs are taxes imposed on imported foreign goods and are designed to encourage people to buy domestic products

6 0
3 years ago
Read 2 more answers
Shortly after graduating college, Roberto took his place in his family's company in Miami. Roberto's father and uncle started a
natta225 [31]

Answer:

Importer.

Explanation:

An importer is an individual or entity that brings in products from foreign countries for sale domestically. Importers buy products that are produced in other countries. To the other country this is an export.

Roberto's father and uncle started a company that buys bauxite, copper, and other minerals from Chile, and brings them into the U.S. So the company is involved in importing activity.

Roberto brokers the trades with the mines in Chile.

6 0
3 years ago
You would like to combine a risky stock with a beta of 1.76 with U.S. Treasury bills in such a way that the risk level of the po
MaRussiya [10]

Answer:

The risk of Treasury bills is 0 so we need to buy a proportion of risky assets that its beta equals to 1 which is the market beta

1.76x=1

x=1/1.76

x=0.568

x=56.8%

We need to invest 56 percent of ours portfolio in risky stocks and 44 percent in treasury bills

(0.568*1.76)+*0.44*0)=

Explanation:

4 0
2 years ago
Read 2 more answers
Other questions:
  • Why is the amount of underapplied (overapplied) manufacturing overhead different from requirement 2 above? (you may select more
    15·1 answer
  • Andy deposited $3,000 this morning into an account that pays 5 percent interest, compounded annually. Barb also deposited $3,000
    15·1 answer
  • Consider a risky portfolio. The end-of-year cash flow derived from the portfolio will be either $70,000 or $200,000 with equal p
    6·1 answer
  • Which of the following refers to a cluster of decisions concerning what organizational goals to pursue, what actions to take, an
    6·1 answer
  • One goal of advertising is to sway your opinion of the product.<br><br> True or False
    13·1 answer
  • The liquidity of the market is _____ in a purely domestic capital market. Multiple Choice unlimited limited held in reserves bas
    8·1 answer
  • Bloom Corporation purchased $1,000,000 of Taylor Company 5% bonds at par with the intent and ability to hold the bonds until the
    6·1 answer
  • Identify which of the following opening adjusting entries should be used when setting up in QuickBooks an existing company with
    9·1 answer
  • You owe $5,000 on your credit card and you can pay the following monthly payments:
    8·1 answer
  • At base, the mainstream concept of poverty translates to a. sufficient hard currency but insufficient purchasing power. b. an al
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!