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

question 56

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, and 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:

Negative Feedback

A response that indicates a discrepancy between a desired state and an actual state, leading to corrective action.

Fluctuating in Self-Worth

Refers to the variability or changes in an individual's self-esteem over time.

Self-Doubt

The condition of lacking confidence in oneself and one's abilities, often hindering decision-making and the attainment of one's potential.

Extraverted

Describes individuals who are outgoing, sociable, and draw energy from interacting with others.