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  3. indicate the financial statement treatment for eac

Indicate the financial statement treatment for each of the scenarios listed below. When providing your...

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Accounting

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Indicate the financial statement treatment for each of the scenarios listed below. When providing your response use the following letter code for your selections: Ordinary item on the income statement a b. Discontinued operations C. Unusual item on the income statement d. Adjustment to prior year's retained earnings 1. Recognition of revenue earned last year, inadvertently omitted from last year's income statement 2. The company sold one of its warehouses at a loss. 3. Settlerrlent of a court case involving the federal government related to income taxes of three years ago. The company is continually involved in various adjustments with the federal government related to its taxes 4. A loss incurred from expropriation - the company-owned resources in South America which were taken over by a dictator unsympathetic to Canadian business interests. 5. The company failed to record depreciation in the previous year. 6. Discontinuance of all production in Canada. The manufacturing operations were relocated to Honduras -7. Loss on sale of investments. The company last sold some of its investments two years ago. 8. Loss on the disposal of a segment of the business

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