Because Discontinued Segments of a Business Will Not Be Part

question 64

True/False

Because discontinued segments of a business will not be part of the company's future operations, discontinued operations are disclosed separately on the income statement.

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Definitions:

Gross Payroll

Gross payroll represents the total amount of money a business owes to its employees before any deductions, such as taxes and other withholdings, are made.

Injury

Physical harm or damage to a person's body, often resulting from accidents or violence.

FICA-OASDI

The Social Security portion of the Federal Insurance Contributions Act tax, used to fund the Social Security program in the United States.

Union Dues

Fees paid by workers to the union that represents them, used for collective bargaining and other services.