19. Which of the following items would be reported net of tax on the face of the income a. Prior period adjustment b. Unusual gain Change in estimates related to allowance for doubtful accounts d. Discontinued operations 20. Delaney Company decides to close the Davenport Division during 2021. Delaney's year-end is December 31. The Davenport Division has incurred an operating loss of $200,000 through June 30, 2021. The Davenport Division is closed on June 30, 2021 requiring additional disposal costs of $100,000. If Delaney's tax rate is 30 percent, what is the amount reflected on the income statement for discontinued operations? a. $210,000 loss b. $300,000 loss c. $100,000 loss d. $70,000 loss Matching (5 points) 21. Listed below are several information characteristics and accounting principles and assumptions. Match the letter of each with the appropriate phrase that states its application (Items a through k may be used more than once or not at all.) a Economic entity assumption g. Expense recognition principle b. Going concern assumption h. Full disclosure principle c. Monetary unit assumption i. Relevance characteristic d. Periodicity assumption j. Faithful Representation characteristic e. Measurement principle k. Understandability characteristic f. Revenue recognition principle 1. A company can divide its economic activities into artificial periods of time. 2. Historical cost and fair value accounting methods follow this principle. 3. Affairs of the business distinguished from those of its owners. 4. Numbers and descriptions match what really existed or happened. 5. Presentation of material information with predictive and confirmatory value