When a Company Disposes of a Discontinued Operation (Segment), the Transaction

question 15

Multiple Choice

When a company disposes of a discontinued operation (segment) , the transaction should be included in the income statement as a gain or loss on disposal reported as

• A)a prior period adjustment.
• B)other comprehensive income.
• C)an amount after continuing operations.
• D)a bulk sale of plant assets included in income from continuing operations.

Comprehend the economic and shareholder impacts of mergers and acquisitions.

Learn about the specific requirements and prohibitions for mergers under tax and antitrust laws.

Understand statistics and dynamics surrounding families maintained by women across different racial groups.

Comprehend the primary emotions experienced by rape survivors during the acute phase.

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Definitions:

Team Skill

The collective abilities and competencies of a group that enable effective collaboration, problem-solving, and achievement of common goals.

Social Loafing

The tendency of some members to avoid responsibility by “free-riding” during group tasks.

Free Riders

Individuals who benefit from resources, goods, or services without paying for them or contributing to their provision.

Supervisor

An individual in a leadership position responsible for overseeing the work of employees, providing guidance, and ensuring the quality and efficiency of their work.