The Disposal of a Significant Component of a Business Is

question 36

Multiple Choice

The disposal of a significant component of a business is called

• A) other comprehensive income.
• B) unrealized gain or loss.
• C) an other expense.
• D) discontinued operations.

Compute cash received from customers and cash payments for merchandise and operating expenses.

Determine free cash flow and understand its significance for business operations.

Apply knowledge of accounting principles to analyze changes in balance sheet data over a period and their impact on cash flows.

Distinguish the effects of buying and selling equipment on cash flows.

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Definitions:

Greeting

A polite word or sign of welcome or recognition exchanged between people when meeting or communicating.

Changes

Alterations, modifications, or transformations in something or someone over time.

Expression

The process of making known one's thoughts or feelings, or the manifestation of a characteristic, genetic trait, or piece of information.

Niche Construction

The process by which organisms actively modify their environment or create new environments, affecting their own and other species' evolution.