Which Statement Is Correct Respecting the Presentation of Discontinued Operations

question 82

Multiple Choice

Which statement is correct respecting the presentation of discontinued operations on EPS?

• A)EPS from discontinued operations must be presented on the face of the income statement.
• B)EPS from discontinued operations may either be presented on the face of the income statement or may be disclosed in the financial statements.
• C)ASPE requires EPS from discontinued operations to be presented on the face of the income statement.
• D)IFRS does not require basic EPS to be shown separately for continuing operations and for discontinued operations.

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Definitions:

Cone

A photoreceptor cell in the retina that is responsible for color vision and functions best in relatively bright light.

Color-Deficient Vision

A condition where an individual's ability to see one or more colors is impaired, commonly referred to as color blindness.

Opponent-Process Theory

A psychological and neurological model that explains how humans perceive colors as the brain processes signals from the eyes in an antagonistic manner.

Young-Helmholtz Theory

A theory of color vision that proposes three types of cones in the retina, each sensitive to red, green, or blue light.