The Discontinued Operations Section of the Income Statement Is Comprised

question 94

Multiple Choice

The discontinued operations section of the income statement is comprised of which one of the following?

• A)Income from the operation of discontinued business component and gain or loss from the disposal of the discontinued component.
• B)Income from the operation of discontinued business component,net of tax,and gain or loss from the disposal of the discontinued component,net of tax.
• C)Income from the operation of discontinued business component,net of tax and gain or loss from the disposal of the discontinued component.
• D)Gain or loss from the disposal of the discontinued component,net of tax.

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Definitions:

Service Clubs

Organizations whose members meet regularly to perform charitable works, either by direct hands-on efforts or by raising money for other organizations.

Caseloads

The number of cases or clients handled by a practitioner, social worker, or organization at any given time.

Effectiveness

The degree to which a program, intervention, or method achieves its intended outcomes or goals.

Follow-Up Contacts

Refers to the interactions and communications made with clients or participants after the initial service or intervention, aimed at assessing progress or providing ongoing support.