Team Shirts Sold Its Surfboard Operations for $125,000 and Made

question 87

Multiple Choice

Team Shirts sold its surfboard operations for $125,000 and made a profit of $12,000 on the sale.This gain would be reported on the income statement as part of ________.

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

---

Definitions:

Navigation Slides

Slides in a presentation that are designed to help the audience understand the structure of the presentation and easily follow along.

Complex Presentation

A presentation that involves multiple layers of information, requiring careful organization and delivery to effectively communicate the message.

Materials

The physical substances or components used in the creation of a product or the execution of a project.

Handouts

Printed materials or documents distributed to participants or audience members for informational or educational purposes.