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4.Which of the following is not a characteristic evaluated in ratio analysis? a. liquidity b. marketability...

4.Which of the following is not a characteristic evaluated in ratio analysis?

a. liquidity

b. marketability

c. solvency

d. profitability

10.

Which of the following items should be classified as an unusual item on an income statement?

a. loss due to a discontinued operation in Colorado

b. gain on a sale of a long-term investment

c. selling treasury stock for more than the company paid for it

d. gain on the retirement of a bond payable

Business   Accounting   
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Homework Answers

Answer #1

Unusual items are explicitly recorded on income statement which allows the investorsi to assess financial position of such organisation . Here , except loss on discontinued business in Colorado all are related to the existing business and they are need not be mentioned in explicitly.

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