Which of the Following Is True Concerning Discontinued Operations

question 157

Multiple Choice

Which of the following is true concerning discontinued operations?

• A) Only the gain or loss is reported on the income statement.
• B) It must be both unusual in nature and infrequent in occurrence.
• C) Analysts would not normally include this item in making their decisions.
• D) Net income or loss from prior years must also be disclosed in the year of disposition.

---

Definitions:

Ergs

A unit of energy in the centimeter-gram-second (CGS) system, used to measure the amount of work or energy.

Proprium

Encompasses all aspects of an individual's self or identity as defined by psychologist Gordon Allport.

Self

The individual's perception of their identity, including traits, beliefs, and personal history, forming the basis of one's personality and self-concept.

Allport

Gordon Allport was a pioneering psychologist known for his theory of personality traits, emphasizing the uniqueness of the individual and the importance of the present context for understanding behavior.