Which of the Following Best Describes Discontinued Operations on the Income

question 14

Multiple Choice

Which of the following best describes discontinued operations on the income statement?

• A)The gains and losses from transactions that are not part of the normal operations of the business
• B)The profit or loss generated from 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 unusual or infrequent events

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Definitions:

Alcoholic Parent

Refers to a parent who suffers from alcoholism, a chronic disease characterized by uncontrolled drinking and preoccupation with alcohol.

Personal Hygiene

The practice of maintaining cleanliness and grooming of the body to preserve health and well-being.