What Is a "Discontinued Operation

question 14

Multiple Choice

What is a "discontinued operation"?

• A)A component of an entity that either has been disposed of or is classified as held for sale.
• B)A component of an entity that has been disposed of or will be sold within one year.
• C)A component with operations and cash flows that are not distinguishable from the rest of the entity.
• D)A group of assets and liabilities to be disposed of together in separate transactions.

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Definitions:

German Jews

Refers to the Jewish community in Germany, which has a long history but faced persecution, culminating in the Holocaust during World War II.

Bankers and Jewelers

Bankers and Jewelers typically refers to professionals in the finance and luxury goods sectors, highlighting their roles in managing and trading wealth and valuable items.

Frankfurt Parliament

The Frankfurt Parliament was an assembly convened in 1848 in Frankfurt, aiming to unify the German states and create a constitution for a unified Germany.

Upper-middle-class

A social class in society that is above the middle class, often including professionals, managers, and business owners who enjoy high economic status and cultural influence.