Which of the Following Best Describes Discontinued Operations on the Income

question 57

Multiple Choice

Which of the following best describes discontinued operations on the income statement?

• A)The gains and losses from transactions that are not part of the normal operations of the business
• B)The profit or loss generated from unusual or infrequent events
• C)The profit or loss from segments of the business that have been sold or terminated
• D)The profit or loss generated from the normal operations of the business

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Definitions:

Marginal Utility

The supplementary satisfaction or advantage gained upon consuming an extra unit of a good or service.

Football Tickets

Specific passes that allow entry to football (soccer or American football) games.

Coffee

A beverage made from roasted and ground seeds of the Coffea plant, widely consumed globally for its stimulating effect due to caffeine.

Utility-Maximizing

The behavior or practice of selecting the combination of goods and services that provides the highest level of satisfaction or utility to an individual, given a particular budget constraint.