A Company That Discontinues and Disposes of an Operation (Component)should

question 17

Multiple Choice

A company that discontinues and disposes of an operation (component) should include the gain or loss on sale in the income statement as a(n)

• A)prior-period adjustment
• B)extraordinary item
• C)amount after income from continuing operations and before extraordinary items
• D)bulk sale of fixed assets included in income from continuing operations

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Definitions:

De Novo

A Latin expression meaning "from the beginning," used to describe genes, mutations, or structures that are newly formed and not inherited from parent organisms.

Modifications

Alterations or changes made to objects, organisms, or systems, often aimed at improving function or performance.

Complex Adaptions

Traits that have evolved through the specific and intricate interplay of multiple genetic and environmental factors to solve specific problems of survival or reproduction.

Sex Pili

Hair-like appendages on the surface of bacteria used to transfer genetic material between cells during conjugation.