In Reporting Discontinued Operations the Income Statement Should Show in a Special

question 129

Multiple Choice

In reporting discontinued operations the income statement should show in a special section
1) gains on the disposal of a discontinued component.
2) losses on the disposal of a discontinued component.

• A) 1 only.
• B) 2 only.
• C) neither 1 nor 2.
• D) both 1 and 2.

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Definitions:

John Watson

An American psychologist who is considered one of the founders of behaviorism, emphasizing the role of environmental factors in shaping behavior.

Pseudoforgetting

This term refers to the phenomenon where information was never actually learned or encoded into memory, giving the illusion of having forgotten it.

Ineffective Encoding

The inadequate processing of information into the memory system, resulting in poor retention.

Decay of Storage

Refers to the theory that information in memory fades over time if it is not accessed or used.