The Discontinued Operations Section of the Income Statement Refers to

question 118

Multiple Choice

The discontinued operations section of the income statement refers to

• A)discontinuance of a product line.
• B)the profit or loss on products that have been completed and sold.
• C)sale of obsolete equipment and discontinued inventory items.
• D)the disposal of a major line of business or major geographical area of operations.

---

Definitions:

Potential Savings

The amount of money that could be saved over a period of time by making certain decisions or changes, often highlighted as an incentive.

Lifestyle Segmentation

The process of dividing the market into groups based on similarities in their lifestyles, interests, attitudes, values, and opinions to target marketing more effectively.

Psychographic Segmentation

A marketing strategy that divides a market into segments based on consumer personality traits, values, attitudes, interests, and lifestyles.

Behavioral Segmentation

The process of dividing a market into groups based on consumer behavior patterns, including product usage and decision-making processes.