Financial Simulated Exam #2 Flashcards

1
Q

Discontinued operations are reported of tax and next year’s estimated operating loss is included this year

A

NET

NOT

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Total consolidated net income of parent and sub is calculated as:

A

Parent’s net income
Less: equity in sub’s income
Less: Sub’s income (parent’s share)
Less: Goodwill impairment

How well did you know this?
1
Not at all
2
3
4
5
Perfectly