Judgment Case 4-9 on page 227

Required:

1.For each situation, identify the appropriate reporting treatment from the list below (consider each event to be material):

2.Indicate whether each situation would be included in the income statement in continuing operations (CO) or below continuing operations (BC), or if it would appear as an adjustment to retained earnings (RE).

Judgment Case 4-9

Financial Statement

Presentation

SituationTreatment (a-g)(CO, BC, or RE)

1.bCO

2.cRE

3.fCO

4.gCO

5.aBC

6.bCO

7.eBC

8.d.RE