For Purposes of Discontinued Operations, the Key Elements in Determining

question 5

Multiple Choice

For purposes of discontinued operations, the key elements in determining that a separate segment exists are

• A)the component is a separate business and a separate legal entity.
• B)the component is a separate legal entity and generates its own net cash flows.
• C)the component is in a separate geographic region and can be sold.
• D)the component is a separate business and generates its own cash flow.

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Definitions:

Doctor Visit

An appointment or instance in which an individual consults with a physician or medical professional for health assessment, advice, or treatment.

Rent Controls

Government regulations that limit the amount landlords can charge for renting out a property, intending to make housing more affordable for tenants.

Imposed

Something that is enforced or applied by authority.

Government

The system or group of people governing an organized community, often a state, and the institutions through which policies are set and affairs of state are conducted.