Regarding Discontinued Operations,which of the Following Statements Is Incorrect

question 155

Multiple Choice

Regarding discontinued operations,which of the following statements is incorrect?

• A)Gain and losses on the sale of plant assets are not reported as discontinued operations.
• B)A loss on discontinued operations is reported with an addition for the applicable income tax.
• C)Most analysts do not include the results of discontinued operations in financial analysis.
• D)The discontinued operations heading of the income statement includes segments of the business that have been sold.

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Definitions:

Psychological Dependence

A condition characterized by an emotional or mental reliance on a substance or behavior, often accompanied by feelings of anxiety or distress when the substance or behavior is not available.

Marijuana

A psychoactive drug derived from the Cannabis plant, used both recreationally and medicinally, affecting mood, perception, and cognitive functions.

Opium

A highly addictive narcotic drug extracted from the seed pods of the opium poppy, used historically for pain relief.

Morphine

A powerful opioid pain medication derived from the opium poppy, used to treat moderate to severe pain by acting directly on the central nervous system.