On January 1, 2017, Apricot Ltd

question 54

Multiple Choice

On January 1, 2017, Apricot Ltd.decided to discontinue its plastics making division.The division, considered a reportable segment, was sold on June 1, 2017.Division assets with a carrying value of $650,000 were sold for $500,000.Operating income from January 1, to May 31, 2017 for the division was $50,000.Ignoring taxes, what amount should be reported on Apricot's income statement for the year ended December 31, 2017, under the caption "discontinued operations"?

• A)$200,000 gain
• B)$150,000 loss
• C)$50,000 gain
• D)$100,000 loss

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Definitions:

Continuous, Immediate Reinforcement

A method in behavioral psychology where a desired behavior is rewarded every time it occurs, without delay.

Positive Reinforcers

Stimuli that, when introduced after a behavior, increase the likelihood of that behavior occurring in the future.

Negative Reinforcers

In behavioral psychology, an unpleasant stimulus that, when removed after a behavior, increases the frequency of that behavior.

Removal from

The act of taking something or someone away from a particular place, condition, or association.