The Disposal of a Significant Component of a Business Is

question 45

Multiple Choice

The disposal of a significant component of a business is called

• A) A change in accounting principle
• B) A special item of income from continuing operations item
• C) An other expense
• D) Discontinued operation

---

Definitions:

Notes Payable

An accounting term for amounts owed by a business that are evidenced by promissory notes.

Borrower

An individual or entity that receives something with the agreement to return it or its equivalent to the lender at a later date.

Sales Taxes

Taxes levied by government on the sale of goods and services, typically calculated as a percentage of the sale price.

Sales Revenues

The revenue a company earns from selling products or offering services.