How Is "Discontinued Operations" Information Presented in the Financial Statements

question 20

Multiple Choice

How is "discontinued operations" information presented in the financial statements?

• A)Summary information is presented as well as a subsequent explanation of more extensive breakdowns of revenues, expenses, taxes, and financing cash flow figures.
• B)A single amount is presented for discontinued operations on the balance sheet.
• C)The net profit from discontinued operations is presented separately.
• D)The net gain or loss from disposal of discontinued operations is presented separately.

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Definitions:

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The result of a voting process in which a person or proposal is selected among a set of candidates or options.

Deregulation

The removal of most or even all of the government regulation and laws designed to supervise an industry. Sometimes undertaken to combat regulatory capture.

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Experts or professionals who study, develop, and apply theories and concepts in economics to analyze how societies utilize scarce resources.

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A market condition where a single firm has exclusive control over a product or service, eliminating competition.