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QUESTION 23 Mutually unexecuted contracts arise when two entities agree to transfer resources but neither entity has yet made a transfer. True False 2 points

QUESTION 23

Mutually unexecuted contracts arise when two entities agree to transfer resources but neither entity has yet made a transfer.

True

False

2 points

QUESTION 24

Which of the following is NOT a specific event or condition that affects Earnings Persistence?

A.

Gains and Losses from Peripheral Activities

B.

Restructuring Charges

C.

Impairment Losses

D.

Warranty claims

E.

All of the above

4 points

QUESTION 25

Suppose that a firm decides to sell part of the land their factory is on. What is this activity considered?

A.

Restructuring

B.

Discontinuance

C.

A peripheral activity

D.

A change in accounting principle

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