Day 63 - 34% DNF Flashcards
1
Q
No DTA was recognized in year 1, the loss from discontinued operations in year 1 was carried forward to year 2. Where would the loss be reported in the year 2 FS?
A
Income from continued operations
MCQ-00848
2
Q
ABC uses the allowance method, writing off a specific account affects neither
A
Net income nor working Capital
MCQ-00271
