ACCT 3352 Test #1
Student Name_ Professor Greg Kordecki
I. Take-home, open-book, open-notes, but independent, individual work. You may not render nor receive any assistance from/to any other person. Enter responses to all 50 questions by blacke
Please read the questions carefully.
This assessment is worth 100 points.
Income from continuing operations sometimes includes gains from nonoperating
activities. (2 points)
Income from continuing operations is an a
The amount reported for the cumulative effect of a change in accounting principle is the
net-of-tax difference between: (2 points)
The current year's income under the old principle and the current year's income under the new