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:

Union Representation

The act of a labor union serving as an intermediary between its members and the employer, negotiating contracts and addressing grievances.

Authorization Card

A document signed by an employee to indicate their wish to be represented by a labor union in collective bargaining with their employer.

Bargaining Rights

The legally protected ability of workers to negotiate employment terms, including wages and working conditions, collectively through representatives or unions.

Voluntary Recognition

The process by which an employer acknowledges a labor union as the official bargaining representative for its employees without requiring a formal election.