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.

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Definitions:

Federal Bureaucracy

The collection of government agencies and departments that carry out policies and administer public programs at the national level.

Appointing Officials

The process of choosing individuals to hold specific positions of authority in organizations, often within the government.

Agency's Budget

An agency's budget refers to the financial plan for a specific governmental agency, outlining expected revenues and expenditures.

Oversight

The process of monitoring and directing activities or operations, often used in the context of government oversight over agencies and departments.