If a Company Writes Down the Net Assets of a Discontinued

question 73

Multiple Choice

If a company writes down the net assets of a discontinued operation from original carrying value to a remeasurement of fair value in one year,then in the next year the fair value changes ________.

• A)the company will recognize any subsequent loss or gain for the difference between new fair value and prior year remeasured fair value
• B)the company will recognize any subsequent loss but limited gains up to the original carrying value before remeasurement
• C)the company will recognize any subsequent loss but no gains for the difference between new fair value and prior year remeasured fair value
• D)the company cannot recognize any subsequent loss or gain

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Definitions:

Informed Consent

A process by which a fully informed individual voluntarily agrees to participate in a particular procedure, understanding all the risks, benefits, and alternatives.

Sexuality

The capacity for sexual feelings, a fundamental aspect of human nature encompassing sexual orientation, attractions, and behaviors.

Representative Sample

A subset of a population that accurately reflects the members of the entire population, used in statistical analysis to generalize findings.

Socioeconomic Status

Ranking in society based on a combination of occupational, educational, and income levels.