When a Component of a Business Has Been Discontinued During

question 26

Multiple Choice

When a component of a business has been discontinued during the year, this component's operating losses of the current period up to the measurement date should be included in the

• A) Income statement as part of the income (loss) from operations of the discontinued component
• B) Income statement as part of the loss on disposal of the discontinued component
• C) Income statement as part of the income (loss) from continuing operations
• D) Retained earnings statement as a direct decrease in retained earnings

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Definitions:

Partial Pressure

The pressure that a single component of a mixture of gases would exert if it alone occupied the entire volume of the mixture at the same temperature.

Atmospheric Gases

The gases that make up Earth's atmosphere, including nitrogen, oxygen, carbon dioxide, and argon, among others.

Oxygen Saturation

A measure of the amount of oxygen carried by hemoglobin in the blood, usually expressed as a percentage of the maximum carrying capacity.

Humidity

A measure of the amount of water vapor in the air.