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:

Marginal Utility

The change in total satisfaction or utility that a person receives from consuming one additional unit of a good or service.

Budget Line

Represents all the combinations of two goods that a consumer can afford given their prices and the consumer's income.

Indifference Curve

A graphical representation showing combinations of goods or services among which a consumer is indifferent, reflecting their preferences.

Money Income

The total amount of monetary earnings received by an individual or household, including wages, salaries, and other income sources.