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:

Nutritious food

Nutritious food refers to edibles that provide essential nutrients needed by the body for growth, maintenance, and proper functioning, including vitamins, minerals, proteins, and healthy fats.

Active life

implies a lifestyle that incorporates physical activities and exercises regularly to maintain health, strength, and overall well-being.

Disaster Assistance Response Team (DART)

A group of experts and professionals deployed quickly to provide emergency relief and assistance in the wake of a natural or man-made disaster.

Canadian Armed Forces

The military forces of Canada, comprising the Canadian Army, Royal Canadian Navy, and Royal Canadian Air Force, responsible for defending Canada's interests and security.