A Loss on Disposal of a Segment Would Be Reported

question 94

Multiple Choice

A loss on disposal of a segment would be reported on the income statement as a (n)

• A) administrative expense
• B) other expense
• C) deduction from income from continuing operations
• D) selling expense

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Definitions:

Disposable Income

Resources available to households for financial management in spending and saving after income tax deductions.

Consumption

The use of goods and services by households or the amount spent on them.

GDP

The total worth of goods and services generated inside the confines of a country during a set period, known as Gross Domestic Product, acts as a wide-ranging gauge of the country's economic health.

Consumption

Consumption refers to the use of goods and services by households. It is a primary component of economic activity, measuring the total value of all goods and services consumed over a specific time period.