Which of the Following Items Would Be Included in the Discontinued

question 24

Multiple Choice

Which of the following items would be included in the discontinued operations section of the income statement?

• A) Profit or loss from operating the segment prior to its disposal.
• B) The gain or loss on disposal of the segment.
• C) Both a and b above.
• D) Only losses and not gains on the disposal of a segment.

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Definitions:

Crime Rates

The number of reported crimes in a given area over a specified period, often used to gauge the level of criminal activity.

Harsher Penalties

The implementation of stricter punishments or laws as a deterrent against certain behaviors or actions.

More Laws

Refers to the increase in legislation or regulations within a society, intended to address issues, regulate behavior, or govern certain activities.

CEOs

Chief Executive Officers (CEOs) are the highest-ranking executives in a company or organization, responsible for making major corporate decisions, managing the overall operations and resources, and acting as the main point of communication between the board of directors and corporate operations.