Which Statement Is Correct Respecting the Presentation of Discontinued Operations

question 82

Multiple Choice

Which statement is correct respecting the presentation of discontinued operations on EPS?

• A)EPS from discontinued operations must be presented on the face of the income statement.
• B)EPS from discontinued operations may either be presented on the face of the income statement or may be disclosed in the financial statements.
• C)ASPE requires EPS from discontinued operations to be presented on the face of the income statement.
• D)IFRS does not require basic EPS to be shown separately for continuing operations and for discontinued operations.

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Definitions:

Cartilage-covered Surfaces

Parts of the body where bones are capped with cartilage, facilitating smooth movement at joints.

Assisted Stretching

A form of stretching where another person helps increase the range of movement by adding gentle force to the stretch.

Spinal Column

The structure consisting of a series of vertebrae extending from the skull to the lower back, supporting the body and protecting the spinal cord.

Flexibility Program

A structured set of exercises designed to enhance the flexibility and range of motion of joints and muscles.