Which of the Following Best Describes Discontinued Operations on the Income

question 162

Multiple Choice

Which of the following best describes discontinued operations on the income statement?

• A) The gains and losses from transactions that are not part of the normal operations of the business
• B) The income or loss from segments of the business that have been sold or terminated
• C) The income or loss generated from unusual or infrequent events
• D) The income or loss generated from the normal operations of the business

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Definitions:

Car

A wheeled motor vehicle used for transportation, typically powered by an internal combustion engine or electric motor.

Necessity Recognition

A rephrased definition of Need Recognition; it is the first step in the purchasing decision process, where a consumer realizes a vital requirement that needs to be fulfilled.

Problem Recognition

The initial stage in the buying process where a consumer realizes a need or a problem that requires a solution.

Information Search

The process that consumers undertake to gather and evaluate information about products and services that will satisfy a need or want.