3.The loss or gain from discontinued operations will be presented in the Statement of Income and Expenses

1. in the other income and expenses section.
2. before operating income.
3. as part of general and administrative expenses.
4. as a special item net of taxes (contributions).

4.Companies that sell securities on the market must submit annually to the Securities and Exchange Commission (SEC):

1. Annual report in colors
2. The 10K way
3. All of the above are correct
4. Charts with trend in product sales

5.Reporting high accounts receivable expense can be an example of

1. Aggressive accounting
2. Conservative accounting
3. Simple accounting