If the Disposal of a Segment Meets the Criteria of a Disposal

question 19

Multiple Choice

If the disposal of a segment meets the criteria of a disposal of a segment,then:

• A)the loss on disposal is an extraordinary item.
• B)the loss on disposal is categorized as "other expense".
• C)the results of operations of the segment will be reported in conjunction with the gain or loss on disposal.
• D)the disposal qualifies as a change in entity,and prior years' statements presented on comparative purposes must be restated.
• E)the effects of the disposal are shown as part of operations.

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Definitions:

Preconventional

The first level in Kohlberg's stages of moral development, where moral reasoning is based primarily on the outcomes of actions and external consequences.

Accommodation

The cognitive process of revising existing cognitive schemas, perceptions, and understanding to incorporate new information.

Assimilation

The process by which individuals or groups adopt the culture and norms of another group, often losing their original identity.

Attribution

A belief concerning why people behave in a certain way.