Which of the Following Is Correct

question 44

Multiple Choice

Which of the following is correct?

• A) Discontinued operations are shown as the last category after income from continuing operations.
• B) The discontinued operations section of the income statement consists only of the gain or loss on disposal of the discontinued component net of the tax effect.
• C) The discontinued operations section of the income statement consists only of the income or loss from operating the discontinued component net of the tax effect.
• D) The discontinued operations section of the income statement consists of the income or loss from operating the discontinued component net of the tax effect as well as the gain or loss on disposal of the discontinued component net of the tax effect.

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Definitions:

Group Membership

Belonging to a set of individuals who share common interests, goals, or characteristics, often formalized with specific roles.

High-context Culture

A culture in which communication is largely implicit, relying heavily on context, non-verbal cues, and social norms to convey meaning.

United States

The United States is a country consisting of 50 states, a federal district, five major self-governing territories, and various possessions, known for its significant influence in global political, economic, and cultural affairs.

Japan

An island country in East Asia, known for its rich culture, technological advancements, and historical significance.