Which of the Following Is True Regarding Discontinued Operations

question 19

Multiple Choice

Which of the following is true regarding discontinued operations?

• A)If a loss is expected on disposal, the estimated loss is recognized in the financial statements as of the measurement date.
• B)If a loss is expected on disposal, the estimated loss is recognized in the financial statements as of the disposal date.
• C)If a loss is expected on disposal, recognition is deferred until realization.
• D)If a gain is expected on disposal, the estimated gain is recognized in the financial statements as of the measurement date.

---

Definitions:

Human Method

An approach that relies on human input, expertise, or interaction as part of a process or system.

Geo-Fencing

A location-based technology that uses small sensors to send messages to smartphone users who enter a nearby, defined geographic area.

Big Sale

A significant reduction in the prices of products or services, often for a limited period, to attract customers and increase sales volume.

Smartphone Alert

Notifications or messages sent to a smartphone to inform the user about various types of information, including reminders, warnings, or updates.