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:

Proprioceptor

Sensory receptors found in muscles and tendons that provide information about body position and movement.

Spinal Cord

A long, thin, tubular structure made up of nervous tissue, which extends from the brainstem down the back, and is enclosed in and protected by the vertebral column.

Pupillary Reflex

An involuntary reflex adjustment of the pupil size in response to varying light intensities to control the amount of light entering the eye.

Oculomotor

Relating to the third cranial nerve, which controls most of the eye's movements, including constriction of the pupil and maintaining an open eyelid.