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:

Global Factor

An overarching element or influence that affects multiple aspects or areas simultaneously.

Severe Depression

A significant mental health condition characterized by persistent feelings of sadness, hopelessness, and a lack of interest or pleasure in activities, significantly impairing daily functioning.

Internal

Refers to something situated on the inside or occurring within an entity or organization.

Stable Factors

Characteristics or elements that remain constant over time in a given context or system.