The Financial Results of a Discontinued Segment Must Be Reported

question 101

True/False

The financial results of a discontinued segment must be reported separately on the income statement.

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Definitions:

Employment Discrimination

Unfair treatment of employees or job applicants based on race, gender, age, religion, national origin, disability, or other protected characteristics.

Civil Rights Act

Legislation that outlaws discrimination based on race, color, religion, sex, or national origin; the most famous in the United States being the Civil Rights Act of 1964.

Fifteen Employees

Refers to a specific number of workers employed by an organization, often relevant in legal contexts regarding company size and regulations.

Labor Unions

Organizations formed by workers to represent their interests, negotiate wages, and improve working conditions.