Which of the Following Best Describes Discontinued Operations on the Income

question 162

Multiple Choice

Which of the following best describes discontinued operations on the income statement?

• A) The gains and losses from transactions that are not part of the normal operations of the business
• B) The income or loss from segments of the business that have been sold or terminated
• C) The income or loss generated from unusual or infrequent events
• D) The income or loss generated from the normal operations of the business

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Definitions:

Tons of Rice

A unit of measure indicating the quantity of rice, often used in trading and economic analysis related to agricultural commodities.

T-shirts

T-shirts are a staple clothing item made from fabric, characterized by their T-shaped body and sleeves, commonly worn by people of all ages and genders.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision or choosing to allocate resources in one way rather than another.

Tons of Rice

Tons of rice refer to a measurement of rice quantity, often used in the context of agricultural production and trade statistics.