justify plz

Indicate the financial statement treatment for each of the scenarios listed below. When providing your response use the following letter code for your selections: a. Ordinary item on the income statement b. Discontinued operations c. Unusual item on the income statement d. Adjustment to prior years retained earnings _____ 1. Recognition of revenue earned last year, inadvertently omitted from last year's income statement. _____ 2. The company sold one of its warehouses at a loss. _____ 3. Settlement of a court case involving the federal government, related to income taxes of three years ago. The company is continually involved in various adjustments with the federal government related to its taxes. _____ 4. A loss incurred from expropriation the company-owned resources in South America which were taken over by a dictator unsympathetic to Canadian business interests. _____ 5. The company failed to record depreciation in the previous year. _____ 6. Discontinuance of all production in Canada. The manufacturing operations were relocated to Honduras. _____ 7. Loss on sale of investments. The company last sold some of its investments two years ago. _____ 8. Loss on the disposal of a segment of the business.