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.

---

Definitions:

Personal Privacy

The right of an individual to keep their personal matters and relationships confidential and free from intrusion.

Collectivist

A cultural orientation or individual preference emphasizing the importance of groups and the interdependence of its members over individualism.

Individualist

A person who prioritizes personal goals and self-reliance over group goals and interdependence.

Humanistic

A psychological perspective that emphasizes the study of the whole person and the uniqueness of each individual.