If the Sale of an Investment in a Subsidiary Is

question 7

Multiple Choice

If the sale of an investment in a subsidiary is deemed to be a disposal of a component of the entity, the appropriate accounting treatments for the results its operations for the period and the gain or loss on the sale are: Results of Operations for the Period Gain or Loss on the Sale

• A)​Normal recurring operations Extraordinary item
• B)​Discontinued operations Discontinued operations
• C)​Normal recurring operations Normal recurring operations
• D)​Normal recurring operations Discontinued operations

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Definitions:

Restraining Healthcare Spending

Efforts aimed at controlling the growth of healthcare costs to prevent them from consuming a disproportionate share of resources.

Uninsured

Referring to individuals or entities that lack health insurance coverage, which can result in limited access to healthcare services and financial hardship in the event of illness or injury.

Affordable Care Act

A comprehensive health care reform law enacted in 2010 in the United States, aimed at increasing health insurance coverage and reducing the costs of healthcare.

Claim-right

A right which entails obligations or duties on others to respect or fulfill that right.