When a Company Disposes of a Segment of a Business,this

question 38

Multiple Choice

When a company disposes of a segment of a business,this year's operating income or loss from the segment is reported as part of ________.

• A)discontinued operations
• B)extraordinary items
• C)other revenues and expenses
• D)changes in continuing operations

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Definitions:

American Temperance Society

A societal organization founded in 1826 with the goal of promoting abstinence from alcohol, it played a crucial role in the early temperance movement in the United States.

Drunkards

Individuals who habitually consume alcohol to excess, often leading to social, legal, or health issues.

Occasional Drinker

A person who consumes alcoholic beverages infrequently or in moderation.

Tax-Supported School Systems

Public education systems funded primarily through taxation, providing free or subsidized schooling to children in the community.