Regarding Presentation of Discontinued Operations, Under IFRS, on the Balance

question 15

Multiple Choice

Regarding presentation of discontinued operations, under IFRS, on the balance sheet, an entity must classify held-for-sale assets as

• A)current assets/liabilities.
• B)current or non-current, depending on their nature.
• C)available for sale assets.
• D)silly question: Assets held for sale do not appear on the balance sheet.

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Definitions:

Continuous Task

In control systems and computing, a continuous task is one that runs continuously, processing and responding to input signals or data without interruption.

Periodic

Occurring or appearing at regular intervals of time.

Event-Based

Pertaining to systems, programming, or actions that are triggered or initiated by specific events or conditions rather than occurring in a continuous or time-based manner.

Unscheduled Programs

Programs or tasks that are not planned or scheduled in advance, often running based on specific conditions or events rather than at set times.