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NEW QUESTION: 1
Which of the following qualifies as a disposal of a segment of a business?
A. Superpharm Drugs, operator of chain of discount drug stores, reaches an agreement to sell its Boston location to a competitor.
B. Treadrite, a shoe manufacturer, has decided to discontinue its line of work boots. The firm's operations are concentrated in single plant.
C. None of these answers.
D. Perrier Inc., producer of bottled spring water and soft drinks, discontinues production of its bottled spring water. This operation is self-contained.
E. Irving Inc. supplies its own service stations and independent operators from its refineries. The firm decides to discontinue marketing to independents.
Answer: D
Explanation:
Explanation/Reference:
Explanation:
A segment is a component of an entity whose activities represent a separate major product line and activities can be physically and operationally distinguished from the remainder of the entity for financial reporting purposes. The discontinued spring water operation thus qualifies as disposal of a segment.
NEW QUESTION: 2
Once the child reaches the vesting age, i.e. the age when the life assurance commences, he or she can claim cash option i.e. he can opt to receive the premium amount paid so far under the policy in case the policy is discontinued. This is possible under:
A. Childrens forward assurance
B. Childrens Whole Life assurance
C. Childrens deferred assurance
D. Childrens term-life assurance
Answer: C
NEW QUESTION: 3
An administrator receives an expensive custom rule notification.
Which tool can now be enabled via the Advanced 'System Settings' - Custom Rule Settings to help troubleshoot this?
A. Offense Analysis
B. Rule Analysis
C. Performance Analysis
D. Custom Rule Analysis
Answer: D
