A Loss Due to a Discontinued Operation Should Be Reported

question 128

Multiple Choice

A loss due to a discontinued operation should be reported in the income statement

• A) above income from continuing operations.
• B) without related tax effect.
• C) below income from continuing operations.
• D) as an operating expense.

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Definitions:

PivotTable

A feature in Microsoft Excel that enables users to dynamically organize, summarize, and analyze large sets of data in a concise, tabular format.

Rows Area

In spreadsheet software, part of the grid where data is organized horizontally across columns, often identified by numbers.

Columns Area

In spreadsheet software, this refers to the vertical spaces identified by letters (A, B, C, etc.) used to organize data.

Slicer

A tool in spreadsheet software that allows users to filter pivot table data visually, making it easier to analyze or find patterns.