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

Recognize the symptoms and causes of radiation sickness.

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Recognize the adaptations of plants to terrestrial life, including vascular tissue and leaf evolution.

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Definitions:

Clerical Accuracy

Clerical accuracy involves the correctness and precision of data entry and processing, ensuring that all figures and documents are free from errors.

Recordkeeping

The maintenance of records, including the processes of creating, storing, and managing documents.

Technology

The application of scientific knowledge for practical purposes, especially in industry, which includes machinery, equipment, methods, and processes.

Cost-benefit Constraint

A principle that considers whether the cost of implementing a decision outweighs the benefits derived from it.