Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello

Exercise 48

In an effort to make the company more competitive, Fast Guard, Inc., inclined significant expenses related to a reduc­tion in the number of employees, consolidation of offices and facilities, and disposition of assets that are no longer productive.xplain how these costs should be presented in the financial statements of the company, and describe how an investor should view these costs in predicting future earnings of the company.