Other revenues and expenses, Discontinued operations, Extraordinary items
12- Multiple Choice Question 98
A measure of the percentage of each dollar of sales that results in net income is
return on assets. earnings per share. profit margin. return on common stockholders’ equity. 13- Multiple Choice Question 159
Which one of the following would be classified as an extraordinary item?
Expropriation of property by a foreign government. Losses attributed to a labor strike. Write-down of inventories. Gains or losses from sales of equipment. 14- Multiple Choice Question 122