Roco company manufactures both industrial and consumer electronics. due to a change in its strategic focus, the company decided to exit the consumer electronics business, and in 2016 sold the division to sunny corporation. the consumer electronics division qualifies as a component of the entity according to gaap. how should roco report the sale in its 2016 income statement?

C. As a discontinued operation, reported below income from continuing operations

Explanation:

First, the multiple choices for the question

a. Include in income from continuing operations as a non-operating gain or loss.

b. As an extraordinary item.

c. As a discontinued operation, reported below income from continuing operations.

d. None of the above.

According to General Accepted Accounting Principles (GAAP), the sale of a division that is qualified as component should be reported specially. Furthermore, it also requires that the operations of the component already disposed of or sold should be reported below the revenue reported under continuing operations for the year as a discontinued operation.

Since Roco's consumer electronics business qualifies as a component of the entity then it should be reported as stated by GAAP; specially reported and below income from continuing operations

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi

you have to put the parentheses like this:

in fact, you have to perform the operation inside parentheses first, and then proceed in order: