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Dwayne, project manager for MaxBuild Construction, reprimanded his superintendent, "Trip, I'm going to have to write you up for not properly securing yourself on that elevated work site. I've written up others, and the crew will be watching to see what I will do." Trip replied, "C'mon, Dwayne! I've been up there dozens of times, and we're on a tight schedule. There's no time to fool with every safety procedure!" In writing up Trip as he did other employees, Dwayne was implementing
Extraordinary Loss
Unusual and infrequent charges that are reported separately on a company's income statement, outside of its regular business operations.
Discontinued Operations
Refers to segments or lines of business that a company has decided to sell, dispose of, or otherwise cease operations, and are reported separately from continuing operations in financial statements.
Disposal
The act of getting rid of an asset through sale, exchange, retirement, or destruction.
Continuing Operations
The segments or activities of a business that are expected to continue for the foreseeable future, distinguishing from those being discontinued or sold.
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