When a Segment of a Business Has Been Discontinued During

question 97

Multiple Choice

When a segment of a business has been discontinued during the year and is sold at the end of that same year, the income or loss from the discontinued operations, one of the three amounts typically reported in the income statement, would not include:

• A) the income or loss from operating the segment the entire year.
• B) the income or loss from operating the segment from the beginning of the year to the date the decision was made to dispose of the segment.
• C) the income or loss from operating the segment from the date the decision was made to dispose of the segment to the end of the year.
• D) the difference between the sales price of the segment and the segment's book value.

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Definitions:

Personal Interaction

Direct communication or engagement between individuals, often leading to the exchange of ideas or building of relationships.

Reciprocal Determinism

The hypothesis suggesting that an individual's actions are a result of, and also impact, their personal characteristics and surroundings.

Unconditioned Reinforcement

A stimulus that naturally and automatically triggers a response without the need for prior learning.

Reaction Formation

A defense mechanism where an individual expresses feelings or behaviors that are the opposite of their actual or unconscious desires.