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:

Authoritative Command

A leadership style characterized by clear direction and expectations while allowing input and respecting subordinates.

Domain Ambiguities

Unclear boundaries or definitions within a specific area of knowledge or expertise.

Structural Differentiation

The process within organizations where departments or units become specialized in their functions, leading to a more complex organizational structure.

Task Interdependencies

The extent to which tasks in a project or within an organization rely on each other for resources, information, or completion.