The Gain or Loss on the Disposal of a Business

question 36

Multiple Choice

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

• A)on the balance sheet net of the income tax consequences.
• B)on the income statement net of the income tax consequences.
• C)as part of other comprehensive income.
• D)as part of extraordinary items.

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Definitions:

Referral

The process of directing someone to a different person or agency for information, help, or services.

Counselor

A professional who provides guidance and support to individuals or groups, often focusing on personal, social, educational, or psychological issues.

Values

Fundamental beliefs or principles that guide behaviors and decisions, reflecting what is important to an individual or society.

Homework Assignments

In a therapeutic context, tasks or activities prescribed by therapists for clients to complete outside of sessions to reinforce or practice learned skills.