Question
For each of the items listed below, indicate how it should be treated in the financial statements. A. Other Comprehensive Income B. Prior period adjustment
For each of the items listed below, indicate how it should be treated in the financial statements.
A. | Other Comprehensive Income |
B. | Prior period adjustment |
C. | Unusual or "other" item on the income statement |
D. | Discontinued operations |
E. | Ordinary item on the income statement
|
- A. B. C. D. E. | Loss recorded as a result of the reduction in market value of a component of the business planned for future disposal. |
- A. B. C. D. E. | Unrealized gain on foreign currency translations |
- A. B. C. D. E. | Losses incurred related to an employee strike over the "living wage", which has never occurred in the past with this company's employees or within its industry. |
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