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:

Lock Icon

A symbol commonly used in digital contexts to represent privacy, security, or the state of being encrypted or password-protected.

E-Commerce Transaction

A business deal or purchase that takes place electronically on the internet.

B2B Website

An online platform designed for the transactions and interactions between businesses, facilitating trade, services, or information exchange.

E-Commerce Website

An online platform that allows businesses and individuals to buy and sell goods or services over the Internet.