Which One of the Following Is True Concerning Discontinued Operations

question 80

Multiple Choice

Which one of the following is true concerning discontinued operations?

• A)It relates primarily to product changes in a company.
• B)The gain or loss associated with the disposal is shown separately as a component of continuing operations on the income statement.
• C)It is reported with 'other revenues and losses' on the company's income statement.
• D)One of two separate disclosures required is income or loss from the segment's operations from the beginning of the current accounting period to the date of disposal.

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Definitions:

Diffusion of Innovation

The process by which a new idea, product, or technology spreads through a culture or market over time.

Strategy Seminar

A workshop or meeting focused on planning and decision-making processes to outline and implement business strategies.

Sales Peak

The highest point or period of maximum sales for a product or service, often influenced by factors such as seasonality, marketing efforts, or consumer trends.

Product Life Cycle

An idea that outlines the various phases a product experiences, from its initial launch, through its development and peak, to its eventual decrease in popularity in the marketplace.