Which Statement Is Correct Respecting the Presentation of Discontinued Operations

question 82

Multiple Choice

Which statement is correct respecting the presentation of discontinued operations on EPS?

• A)EPS from discontinued operations must be presented on the face of the income statement.
• B)EPS from discontinued operations may either be presented on the face of the income statement or may be disclosed in the financial statements.
• C)ASPE requires EPS from discontinued operations to be presented on the face of the income statement.
• D)IFRS does not require basic EPS to be shown separately for continuing operations and for discontinued operations.

---

Definitions:

Final-offer Arbitration

A conflict resolution process where each party presents its final offer, and the arbitrator chooses one of these offers as the solution.

Mandatory Items

Requirements or objects that are obligatory and must be included or complied with.

Bargaining Session

A scheduled meeting between parties, such as employers and employees, to negotiate terms and conditions, often related to employment or trade agreements.

Contract Negotiations

The process of discussing terms and details to reach a mutual agreement in a contract, often involving aspects like salary, work conditions, and other employment terms.