When a Company Remeasures the Value of a Discontinued Operation,a

question 107

Multiple Choice

When a company remeasures the value of a discontinued operation,a value adjustment is made to recognize ________.

• A)a loss,but not a gain,for the difference between book value of the net assets and their fair value.
• B)a loss,but not a gain,for the difference between book value of the net assets and their fair value net of selling costs.
• C)the gain or loss for the difference between book value of the net assets and their fair value.
• D)the gain or loss for the difference between book value of the net assets and their fair value net of selling costs.

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Definitions:

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