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NEW QUESTION: 1
A material loss should be presented separately as a component of income from continuing operations when it is:
A. A cumulative effect type change in accounting principle.
B. Unusual in nature and infrequent in occurrence.
C. An extraordinary item.
D. Not unusual in nature but infrequent in occurrence.
Answer: D

NEW QUESTION: 2
In UK, the nil rate band for the 2012/2013 tax year is ____________
A. (GBP)350,000
B. (GBP)250,000
C. (GBP)225,000
D. (GBP)325,000
Answer: D

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