A Loss on Disposal of a Segment Would Be Reported

question 141

Multiple Choice

A loss on disposal of a segment would be reported in the income statement as a(n)

• A) administrative expense
• B) other expense
• C) deduction from income from continuing operations
• D) selling expense

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Definitions:

Balance of Payments

A record of all financial transactions made between consumers, businesses, and the government in one country with others.

Accounting Techniques

Methods or principles employed in managing and reporting financial information and transactions.

Exports Equal Imports

This term refers to a situation in balance of trade where the value of a country's exports equals the value of its imports.

Balance of Payments

A comprehensive record of a country's financial transactions with the rest of the world, including imports, exports, and capital flows.