ACCT 304 WEEK 3 QUIZ
Question 1 1 TCO 5 Popson Inc. incurred a material loss that was not unusual in character, but was clearly an infrequent occurrence. This loss should be reported as (Points : 4)
Question 2.2. (TCO 5) Major Co. reported a 2011 income of $300,000 from continuing operations before income taxes and a before-tax extraordinary loss of $80,000. All income is subject to a 30% tax rate. In the 2011 income statement, Major Co. would show the following line-item amounts for income tax expense and net income. (Points : 4)
Question 3.3. (TCO 5) A voluntary change in accounting principle is accounted for by (Points : 4)
Question 4.4. (TCO 5) Cash flows from investing activities do not include (Points : 4)
Question 5.5. (TCO 5) Review Rowdy's Restaurants cash flow (in millions):
Rowdy's would report net cash inflows (outflows) from operating activities in the amount of
(Points : 4)
USA 
India