What Information Is Not Necessary About Discontinued Operations in the Statement

question 115

Multiple Choice

What information is not necessary about discontinued operations in the statement of comprehensive income or in the notes?

• A)Revenues.
• B)Expenses.
• C)Disposal costs.
• D)Income taxes.

---

Definitions:

Federal Fair Labor Standards Act

U.S. legislation that establishes minimum wage, overtime pay eligibility, recordkeeping, and child labor standards affecting employees in the private sector and in federal, state, and local governments.

Minimum Wage

The lowest hourly pay that employers can legally give to workers.

Protected Health Information

Information about health status, provision of health care, or payment for health care that can be linked to an individual.

Employer Identification Number

A unique nine-digit number assigned by the IRS to businesses for purposes of identification and tax reporting.