A Loss from the Disposal of a Significant Component of a Business

question 117

Multiple Choice

A loss from the disposal of a significant component of a business should be reported separately in the income statement:

• A) after other comprehensive income.
• B) before income before income taxes.
• C) after income from continuing operations.
• D) before income from continuing operations.

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Definitions:

Specific Intentions

Explicit, defined goals that an individual sets out to achieve, often detailed and focused.

Theory of Reasoned Action

A psychological theory that predicts an individual's intention to engage in a behavior at a specific time and place, considering attitudes toward the behavior and subjective norms.

Explicit Commitment

Explicit commitment involves a clear and unequivocal promise or declaration to perform a particular action or adhere to a certain path.

Contemplation Stage

A phase in the Transtheoretical Model of behavior change where individuals are aware they have a problem and are thinking about overcoming it but have not yet made a commitment to take action.