Missoula Corporation Disposed of One of Its Segments in the Second

question 8

Multiple Choice

Missoula Corporation disposed of one of its segments in the second quarter and incurred a gain from disposal of discontinued segment of $600,000,net of taxes.What is the effect of this gain from disposal of discontinued segment?

• A)Increase net income from operations for the year by $600,000.
• B)Increase second quarter net income by $600,000.
• C)Increase each quarter's net income by $150,000.
• D)Increase each of the last three quarters' net income by $200,000.

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Definitions:

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An individual who is able to persuade audiences to take action; someone who has built an audience, naturally and over time, and is viewed as an authority figure on a certain subject, area, or perspective in the online space.

Creator

An individual who brings something new into existence, especially in the arts, media, or digital content.

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Someone who shows support, appreciation, and dedication across all digital and social channels publicly.

Exclusivity

A strategy or state where access to products, services, or information is restricted to certain people or groups, often to create perceived value or prestige.