The Gain or Loss on the Disposal of a Business

question 91

Multiple Choice

The gain or loss on the disposal of a business segment is shown on the income statement as:

• A)a component of comprehensive income.
• B)an extraordinary item.
• C)part of discontinued operations.
• D)other gains or losses.

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Definitions:

Procedures

Established methods or sequences of actions for conducting activities or completing tasks within an organization.

Downsizing Strategies

Approaches or plans developed by organizations to reduce their workforce and operational costs in order to improve efficiency and profitability.

Systematic Change

A planned and deliberate effort to bring about significant transformations within an organizational or systemic level, affecting processes, structures, and cultures.

Work Redesign

Work redesign involves altering jobs to improve employee satisfaction and productivity, often by enhancing job content, incorporating more variety, or increasing autonomy.