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