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NEW QUESTION: 1
You want to understand what your inventory turns are for your organization. Where can you see this information in Planning Central?
A. Manage Planning Measures
B. Manage Planning Analytics
C. Plan Summary
D. Manage Metrics
E. View Planning Analytics
NEW QUESTION: 2
A material loss should be presented separately as a component of income from continuing operations
when it is:
A. Unusual in nature and infrequent in occurrence.
B. Not unusual in nature but infrequent in occurrence.
C. A cumulative effect type change in accounting principle.
D. An extraordinary item.
Choice "d" is correct. Gains or losses that are unusual in nature or occur infrequently but not both, are
presented as a component of income from continuing operations. Choice "a" is incorrect. Extraordinary
items are shown net of tax in a separate section of the income statement after income from continuing
operations. Choice "b" is incorrect. Cumulative effects of changes in accounting principle are now shown
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Choice "c" is incorrect. This is the definition of an extraordinary item.
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