What Is the Required Reporting for Discontinued Operations

question 10

Multiple Choice

What is the required reporting for discontinued operations?

• A) The results of discontinued operations should be reported as an extraordinary item.
• B) The gain or loss on the disposal should be reported in comprehensive income.
• C) The operating results of discontinued operations should be reported as part of continuing operations and any gain or loss on disposal should be disclosed separately from continuing operations.
• D) The operating results of discontinued operations should be reported separately from continuing operations and any gain or loss on disposal should be also be disclosed separately from continuing operations.

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Definitions:

Opportunities for Promotion

refer to the prospects or avenues available within an organization for employees to advance to higher positions.

Job Satisfaction

The level of contentment employees feel about their work, which can influence their performance and retention.

Cognitive Dissonance

A psychological phenomenon where an individual experiences discomfort or stress from holding two or more conflicting beliefs, values, or attitudes.

Emotional Detached

A state where an individual maintains a boundary from feeling or engaging emotionally, either as a protective measure or due to disinterest.