The Date on Which a Gain or Loss from the Disposal

question 96

Multiple Choice

The date on which a gain or loss from the disposal of a segment of a business is measured is the:

• A) date that operations cease (if disposal is by abandonment).
• B) last day of the fiscal year in which the decision to dispose is made plan.
• C) date that the assets are sold.
• D) date that the entity makes a formal commitment to disposal.