A firms decision to sell its headquarters building at a gain
A)would increase income in the year of sale.
B)is not part of the core business.
C)would be aggregated with other noncore, nonoperating items.
D)reported below operating income, probably as Other Income.
E)all of the above

Question

Quizplus · Accepted Answer

Selling a headquarters building at a gain would indeed increase income in the year of sale, is not part of the core business operations (since it's a one-time transaction not related to the primary activities of the firm), would be aggregated with other noncore, nonoperating items (as it's not a regular occurrence or related to the main business operations), and is typically reported below operating income in the financial statements, often under "Other Income" or a similar category, to distinguish it from regular operating revenues and expenses.

A Firms Decision to Sell Its Headquarters Building at a Gain