Regarding Discontinued Operations,which of the Following Statements Is Correct

question 161

Multiple Choice

Regarding discontinued operations,which of the following statements is correct?

• A) Gains and losses on the sale of plant assets are reported as discontinued operations.
• B) A loss on discontinued operations is reported with an addition for the applicable income tax.
• C) A loss on discontinued operations is included with an addition for the income tax savings on the loss.
• D) The disposal of the financing segment of a large corporation would be reported as a discontinued operation.

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Definitions:

Dissociative Identity Disorder

A psychiatric disorder characterized by the presence of two or more distinct personality states that control a person's behavior at different times.

Dissociative Identity Disorder

A psychological disorder characterized by the presence of two or more distinct personality states that control an individual's behavior in different circumstances.

Distinctly Different Personalities

Refers to individuals having multiple and significantly varied personalities, often used in contexts discussing psychological conditions like Dissociative Identity Disorder.

Dissociative Disorder

A class of psychological disorders characterized by a disconnection between thoughts, identity, consciousness, and memory, often resulting from trauma or stress.