A Review of the December 31, 2010, Financial Statements of Rule

question 74

Multiple Choice

A review of the December 31, 2010, financial statements of Rule Corporation revealed that under the caption "extraordinary losses, " Rule had reported a total of $300, 000.Further analysis revealed that the $300, 000 in losses comprised the following items: 1.Rule recorded a gain of $\$ 80,000$ incurred in the sale of equipment.
2.In an umusual and infrequent occurrence, a loss of $\$ 250,000$ was sustained as a result of tomado damage to a manufacturing facility
3. During 2010, several factorieswere shut down chuing a najor strike by employees of Rule's major customer. Shut clown expenses totaled $\$ 100,000$ .
4. Inventory in the amount of $\$ 30,000$ waswritten off as obsolete. Ignoring income taxes, what amount of loss should Rule report as an extraordinary loss on its 2010 income statement?

• A)$100, 000
• B)$250, 000
• C)$280, 000
• D)$350, 000

Grasp Maslow's hierarchy of needs and its application to patient care priorities.

Recognize the significance of caring in nursing practice according to different nursing theorists.

Apply nursing research findings to improve patient care.

Understand the process of conducting nursing research.

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Definitions:

Consumer Product Safety Commission

A U.S. government agency responsible for protecting the public from unreasonable risks of injury or death associated with consumer products.

Social Regulation

Regulations aimed at improving societal welfare by dictating how businesses can operate, focusing on issues like health, safety, and the environment.

Industrial Regulation

Governmental policies and regulations that control or direct economic activity, especially in specific sectors.

Sherman Act

A landmark federal statute passed in 1890 that prohibits monopolistic and restrictive trade practices, thus promoting competition in the marketplace.