Manufactures large variety of products

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Reference no: EM131336219

What a Beatiful Day Manufacturing manufactures a large variety of products. Unfortunately for the company, its sales dramatically decreased in the last two years. Due to this event, the CFO of the company decided to sell the company's Mercedez Benz and the Corvette and the helicopter. The book value of these pieces of equipment combined is $2,000.000 but the CFO was able to sell tehm for $4,000.000. The profit of the sale of the MB, Corvette, and the helicopter should be attributed to operating Income. Yes or no. Explain.

Reference no: EM131336219

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