Which of the Following BEST Describes Profit from Continuing Operations

question 29

Multiple Choice

Which of the following BEST describes profit from continuing operations?

• A)The profit or loss generated from unusual or infrequent events
• B)The gains and losses from transactions that are not part of the normal operations of the business
• C)The profit or loss from segments of the business that have been sold or terminated
• D)The profit or loss generated from the normal operations of the business

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Definitions:

Capital Gains

The profit from the sale of an asset or investment above its purchase price.

Commingled Funds

Investment funds pooling assets from various accounts, allowing for diversified management and investment in a range of securities.

Equity

Ownership share in a firm.

Fixed-Income

Investments that generate a regular, fixed amount of income, typically through interest or dividends, like bonds and treasury bills.