Reporting of Discontinued Segments Includes

question 103

Multiple Choice

Reporting of discontinued segments includes:

• A)Income or loss from operating the discontinued segment net of tax and gain or loss from disposal of the segment's net assets net of tax.
• B)Extraordinary items.
• C)Changes in accounting principle.
• D)Items that are both unusual and infrequent.
• E)Writing off of receivables.

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Definitions:

Group Acceptance Conformity

The phenomenon where individuals adjust their behavior or beliefs to fit into a group to be accepted.

Diversity Organizations

Groups or entities focused on promoting diversity and inclusion within communities, workplaces, or broader societies.

Best Practices

Methods or techniques that have been consistently shown through research and experience to yield superior results.

Dominant Group

Refers to the most powerful, influential, or numerous group within a society, organization, or category, often setting norms and standards.