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NEW QUESTION: 1
Which of the following qualifies as a disposal of a segment of a business?
A. None of these answers.
B. Irving Inc. supplies its own service stations and independent operators from its refineries. The firm decides to discontinue marketing to independents.
C. Perrier Inc., producer of bottled spring water and soft drinks, discontinues production of its bottled spring water. This operation is self-contained.
D. Treadrite, a shoe manufacturer, has decided to discontinue its line of work boots. The firm's operations are concentrated in single plant.
E. Superpharm Drugs, operator of chain of discount drug stores, reaches an agreement to sell its Boston location to a competitor.
Answer: C
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 deferred assurance
B. Childrens Whole Life assurance
C. Childrens term-life assurance
D. Childrens forward assurance
Answer: A
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. Custom Rule Analysis
B. Rule Analysis
C. Performance Analysis
D. Offense Analysis
Answer: A
