Which of the Following Is a Required Disclosure in the Income

question 33

Multiple Choice

Which of the following is a required disclosure in the income statement when reporting the disposal of a segment of the business?

• A)The gain or loss on disposal should be reported as an extraordinary item.
• B)Results of operations of a discontinued segment should be disclosed immediately below other irregular items.
• C)Earnings per share from both continuing operations and net income should be
• D)The gain or loss on disposal should not be segregated, but should be reported together with the results of continuing operations.

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Definitions:

Mind

The aspect of an individual that enables them to be aware of the world and their experiences, to think, and to feel; the faculty of consciousness and thought.

Hypnosis

A trance-like state of focused attention and heightened suggestibility, often used for therapeutic purposes.

Anesthetizing

The process of administering drugs to induce a state of temporary insensitivity to pain.

Childbirth

The process of giving birth to a baby, involving labor and delivery, which can occur through natural or medical interventions.