In Reporting Discontinued Operations the Income Statement Should Show in a Special

question 129

Multiple Choice

In reporting discontinued operations the income statement should show in a special section
1) gains on the disposal of a discontinued component.
2) losses on the disposal of a discontinued component.

• A) 1 only.
• B) 2 only.
• C) neither 1 nor 2.
• D) both 1 and 2.

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Definitions:

U.S. Constitution

The foundational document of the United States, outlining the framework of government, its institutions, and the rights of its citizens.

Oregon

A state in the Pacific Northwest region of the United States, known for its diverse landscapes ranging from forests and mountains to farms and cities.

Vote-by-mail System

A method of voting in an election whereby ballots are distributed to voters and returned by mail, as opposed to traditional in-person voting at polling stations.

Ballots

Physical or electronic means by which voters cast their votes in an election, often containing choices for candidates and proposals.