How Should Discontinued Operations Be Reported in an Interim Report

question 68

Multiple Choice

How should discontinued operations be reported in an interim report?

• A) Include in the gain or loss section of the interim report and include the tax with all other income tax.
• B) Include as discontinued operations, net of tax, if the component of the business is classified as held-for-sale or is discontinued in the interim period.
• C) Include net of the tax estimated specifically for the discontinued operations.
• D) Include with other operations in the interim period but include the amount net of its specific tax.
• E) Include with other operations in interim periods until the annual financial statement is prepared.

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Definitions:

Associational Unionism

A form of union organization based on collective activities and networks rather than formal membership, focusing on the common interests of workers.

Deregulation

The reduction or elimination of government power in a particular industry, usually to foster more competition and increase efficiency.

NLRA

The National Labor Relations Act, a cornerstone in U.S. labor law, facilitates the process of collective bargaining and aims to curtail the prevalence of unfair labor practices.

Free Market Forces

The natural regulatory mechanisms of a free market economy, driven by supply, demand, and competition.