Answer:
The net income for Niler Corporation for the current year is $30,900.
Explanation:
When there is a discontinued operation, the income from the discontinued operation is added to the income from continuing operations while the loss on disposal of the same operation is added to obtain the net income for the company. This can be done as follows for this question:
Niler Corporation
Partial Income Statement
<u>Details $ </u>
Income from continuing operations 35,000
income from operations of discontinued Line C 8,400
Loss on disposal of Line C <u> (12,500) </u>
Net income <u> 30,900 </u>
Therefore, the net income for Niler Corporation for the current year is $30,900.
False!
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The process should eliminate potential bias from patient psychology regarding benefits of the drug and also eliminate the potential bias from the treatment administrators. The advantage of such a procedure is that neither the patients nor the administrators of the treatments know which patients received which treatments.
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