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1 . A manufacturing company recognized a loss on the sale of investments.Income from continuing operations 2 . An automobile manufacturer sold all of the
A manufacturing company recognized a loss on the sale of investments.Income from continuing operations An automobile manufacturer sold all of the assets related to its financing component. The operations of the financing business is considered a component of the entity A company changed its depreciation method from the doubledecliningbalance method to the straightline method Due to obsolescence, a company engaged in the manufacture of hightechnology products incurred a loss on inventory writedown.Income from continuing operations One of your clients discovered that s depreciation expense was overstated. The error occurred because of a miscalculation of depreciation for the office building.Income from continuing operations A cosmetics company decided to discontinue the manufacture of a line of womens lipstick. Other cosmetic lines will be continued. A loss was incurred on the sale of assets related to the lipstick product line. The operations of the discontinued line is not considered a component of the entity.
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