The Gain (Loss) on Disposal of a Discontinued Operation Is

question 43

True/False

The gain (loss) on disposal of a discontinued operation is not reported on the statement of income.

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Definitions:

Retentive

Memory or functions in a control system that retain their value or state even after the system is powered down or rebooted.

Nonretentive

In PLC programming, a term referring to memory or data that is not retained after power loss.

Retentive Timer Reset

A function in PLC programming that allows a timer to retain its accumulated value even after a reset condition has been removed or power to the PLC has been cycled.

Timer Resets

The process of returning a timer to its initial state or set value in control systems or programming.