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Question 5 Adoption means abandoning a countrys financial reporting standards and replacing them with: Select one: Not yet answered Marked out of 1 a. Securities and Exchange Commission Principles. Flag question b. Generally Accepted Accounting Principles. c.International Financial Accounting Standards. d. International Accounting Standards.

Question 6 Which of the following items would be included in the discontinued operations section of the income statement? Not yet answered Select one: O a. Income or loss from operating the segment prior to its disposal. O b. The gain or loss on disposal of the segment. Marked out of 1 Flag question c. Only losses and not gains on the disposal of a segment. O d. Both the income or loss from operating the segment prior to its disposal, and the gain or loss on disposal of the segment.
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Question 8 Doogle Corporation sold a segment of its operations in 2017 and suffered an loss in 2018 that was both unusual and infrequent. Which of the following would be the most useful in attempting to predict Doogles performance for 2019? Select one: Not yet answered Marked out of 1 Flag question O a. Doogles net income in 2017 and 2018 b. Doogles income from continuing operations in 2017 and 2018. c. Doogles total assets at the end of 2018. O d. Doogles retained earnings at the end of 2018.
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Answer #1

Ans :-

5) option is C : International financial Accounting Standard

6) Option is B : The Gain or Loss on disposal of the segment.

7) Option is A : The Date of Declaration.

8) Option is B : Doogle's income from continuing operations in 2017 and 2018.

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