Doogle Corporation Sold a Segment of Its Operations in 2009

question 85

Multiple Choice

Doogle Corporation sold a segment of its operations in 2009 and suffered an extraordinary loss in 2010. Which of the following would be the most useful in attempting to predict Doogle's performance for 2011?

• A) Doogle's income from continuing operations in 2009 and 2010.
• B) Doogle's net income in 2009 and 2010.
• C) Doogle's total assets at the end of 2010.
• D) Doogle's retained earnings at the end of 2010.

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Definitions:

Social Guests

Individuals who are invited to visit someone's home or attend a private function or gathering without any expectation of providing a service or receiving payment.

Licensees

Individuals or entities that are granted permission to do certain things by another’s leave, such as occupying or using someone’s property.

Negligent Defendants

Individuals or entities being sued in civil court for harm caused by their failure to act as a reasonable person would have.

Unforeseeable

An event or condition that could not reasonably be predicted or expected.