When a Company Disposes of a Discontinued Operation (Segment), the Transaction

question 56

Multiple Choice

When a company disposes of a discontinued operation (segment) , the transaction should be included in the income statement as a gain or loss on disposal, and reported as

• A) a prior period adjustment.
• B) other comprehensive income.
• C) an amount after continuing operations.
• D) a bulk sale of plant assets included in income from continuing operations.

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Definitions:

Carl Rogers

An influential American psychologist who founded the humanistic approach to psychology, emphasizing the importance of free will, self-actualization, and empathy in therapy.

Mary Cover Jones

An early psychologist known for her work in behavior therapy and her experiment on desensitizing a child's fear of rabbits, contributing to the development of counterconditioning techniques.

Psychoanalysis

A set of psychological and psychotherapeutic theories and methods, originated by Sigmund Freud, emphasizing unconscious motivations and conflicts.

Client-Centered Therapy

A form of psychotherapy developed by Carl Rogers that emphasizes the importance of the therapist’s unconditional positive regard towards the client.