Under IFRS, to Qualify as a Discontinued Operation or Disposal

question 104

Multiple Choice

Under IFRS, to qualify as a discontinued operation or disposal group, the proceeds of a sale must:

• A) be recovered through a sale transaction.
• B) be recovered through continuing use.
• C) be recovered through a sale transaction or through continuing use.
• D) be made in cash.

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Definitions:

Osteomalacia

A condition characterized by softening of the bones due to vitamin D deficiency or inadequate calcium absorption, leading to increased risk of fractures.

Softening

The process of becoming softer or causing something to become softer.

Bones

The rigid organs that constitute part of the endoskeleton of vertebrates, supporting and protecting various organs of the body.

Osteoarthritis

A type of arthritis that occurs when flexible tissue at the ends of bones wears down, causing pain, swelling, and reduced motion in joints.