The Division's Book Value and Fair Value Less Cost to Sell

question 29

Multiple Choice

The division's book value and fair value less cost to sell on December 31 were $3,000,000 and $3,500,000, respectively. What before-tax amount(s) should Mercedes report as loss on discontinued operations in its 2009 income statement?

• A)$2,000,000 loss.
• B)$2,500,000 loss.
• C)None.
• D)$500,000 gain included in continuing operations and a $2,000,000 loss from discontinued operations.$2,000,000 loss from operations only.There is no impairment loss.

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Definitions:

Cramping

Painful, involuntary muscle contractions that can occur in various parts of the body and are often caused by overuse, dehydration, or electrolyte imbalances.

Infusion Rate

The speed at which a drug or fluid is administered intravenously to a patient, typically measured in milliliters per hour (mL/hr).

Discontinue

To stop using an item or cease a procedure or course of action.

Digital Removal

A manual procedure to extract feces from the rectum, often used when a patient is suffering from severe constipation.