What Information Is Not Necessary About Discontinued Operations in the Statement

question 115

Multiple Choice

What information is not necessary about discontinued operations in the statement of comprehensive income or in the notes?

• A)Revenues.
• B)Expenses.
• C)Disposal costs.
• D)Income taxes.

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Definitions:

Collected

Refers to the process of gathering or accumulating items, information, or funds.

Electronic Funds Transfers

The transfer of money between accounts by electronic means rather than the use of cash or paper documents.

Float Time

The period between when a check is deposited into a bank account and the time the funds are available for use.

Substitute Check

A digital reproduction of an original paper check that is legally considered the same as the original for processing payments.