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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

1. A manufacturing company recognized a loss on the sale of investments.Income from continuing operations2. 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.3. A company changed its depreciation method from the double-declining-balance method to the straight-line method.4. Due to obsolescence, a company engaged in the manufacture of high-technology products incurred a loss on inventory write-down.Income from continuing operations5. One of your clients discovered that 2023s depreciation expense was overstated. The error occurred because of a miscalculation of depreciation for the office building.Income from continuing operations6. 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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