Which of the Following Is a Required Disclosure in the Income

question 139

Multiple Choice

Which of the following is a required disclosure in the income statement when reporting the disposal of a segment of the business?

• A)The gain or loss on disposal should be reported as an unusual item.
• B)Results of operations of a discontinued segment should be disclosed immediately below
• Other irregular items.
• C)Earnings per share from both continuing operations and net income should be disclosed
• On the face of the statement or in the notes.
• D)The gain or loss on disposal should not be segregated, but should be reported together
• With the results of continuing operations.
• Reporting Financial Performance 4 - 11

---

Definitions:

Political Candidates

Individuals who run for public office in elections, representing political parties or themselves, seeking to hold a position within the government.

Popular Support

The approval, backing, or endorsement from the general public or a significant part of the population, often crucial for political legitimacy, policy implementation, and social movements.

Marbury V. Madison

A landmark 1803 Supreme Court case that established the principle of judicial review in the United States, affirming the Court's power to declare laws unconstitutional.