The Results from Operation of a Discontinued Segment Under IFRS

question 107

Multiple Choice

The results from operation of a discontinued segment under IFRS and any gain or loss on disposal or adjustment to fair value of the disposed segment should appear:

• A)In one line on the statement of comprehensive income.
• B)In two lines on the statement of comprehensive income.
• C)in one or two lines on the statement of comprehensive income.
• D)shown as part of other comprehensive income.

Understand the concept of creative destruction and its implications for markets and economies.

Identify the primary forces encouraging the entry of new firms into purely competitive industries.

Describe the dynamic adjustments in supply and demand within various types of industries (decreasing-cost, increasing-cost, constant-cost) under changes in market conditions.

Analyze the cost structure and profitability (economic profits, losses, and normal profits) of firms operating in perfectly competitive markets.