When a Business Segment Is Discontinued During the Year,the Gain

question 40

Multiple Choice

When a business segment is discontinued during the year,the gain or loss on disposal

• A) is reported as an extraordinary item.
• B) should include only the loss or income from operating the discontinued segment for the current period.
• C) excludes only the gain or loss on disposal of the segment.
• D) should be shown net of applicable income taxes.

Understand the comparison between the management of fisheries and forestry in terms of sustainability and enforcement of property rights.

Grasp the principles behind preventing overexploitation of natural resources, including the tragedy of the commons.

Relate economic principles to environmental outcomes, including the influence of GDP per capita on environmental quality.

Understand government policies regarding population growth and their economic implications.

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Definitions:

Cash Dividends

Disbursements from a corporation's earnings made to its shareholders, often as a share of profits.

Common Stock

A type of equity security that represents ownership in a corporation, with holders typically having voting rights and potentially receiving dividends.

Balance Sheet

An exposition on a company's assets, its financial responsibilities, and the equity owned by shareholders, documented at a fixed point in time.

Total Revenue

The overall amount of money generated by a company from its business activities, before any expenses are subtracted.