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:

Long-Term Care Facility

An establishment providing extended care for individuals who are unable to manage independently, typically due to age, disability, or chronic conditions.

Telephone Order

A directive given by a healthcare provider over the phone for patient treatment or medication.

Potassium Chloride

A chemical compound often used in medicine as a potassium supplement or in food processing as a salt substitute.

Sterile Water

Water that has been purified and treated to remove all microbes and contaminants, used in medical and laboratory settings to ensure safety.