The Disposal of a Significant Component of a Business Is

question 171

Multiple Choice

The disposal of a significant component of a business is called

• A) a change in accounting principle.
• B) comprehensive income.
• C) an other expense.
• D) discontinued operations.

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Definitions:

Authorized Act

An action taken by an individual or entity that has been given official permission or power to do so, typically within a legal or organizational context.

Corporation's Acceptance

The formal agreement by a corporation to abide by legal obligations or contracts, often signified through a resolution by its board of directors.

Committee Authority

The powers and responsibilities delegated to a group or committee, allowing them to make decisions or take actions on behalf of a larger organization or body.

Board Members

Individuals elected or appointed to oversee the activities and governance of an organization, typically making strategic decisions.