When a Corporation Discontinues a Segment of Its Operations at a Loss

question 138

True/False

When a corporation discontinues a segment of its operations at a loss, the loss should be reported as a separate item before income from continuing operations on the income statement.

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Definitions:

Video Conference Interview

An interview conducted remotely using video communication software, allowing participants to see and speak with each other in real-time over the internet.

Risk-Taking

The willingness to engage in behaviors or decisions that entail potential losses or failure in pursuit of potential gains.

Electronic Communication

The transmission of information using electronic media such as email, text messaging, and social networking sites.

Risk-Seeking

A tendency to pursue opportunities with potentially high rewards despite the associated high risks.