A Company Closes a Facility and Moves to a New

question 50

Multiple Choice

A company closes a facility and moves to a new location. How would a loss on the disposal of the equipment at the closed facility be reported on an income statement?

• A)As a component of discontinued operations
• B)As a contra revenue from continuing operations
• C)As an operating expense in net profit from continuing operations
• D)As an extraordinary loss

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