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 would result.

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, would be aggregated with other noncore, nonoperating items, and is typically reported below operating income, often under "Other Income" or a similar category on the income statement.

A Firms Decision to Sell Its Headquarters Building at a Gain