Reporting for Discontinued Operations Includes

question 43

Multiple Choice

Reporting for discontinued operations includes:

• A) Income or loss from operating the discontinued segment (net of tax).
• B) Gain or loss from disposal of the segment's net assets (net of tax).
• C) Income or loss from operating the discontinued operations (net of tax)and gain or loss from disposal of the operation's net assets (net of tax).
• D) Tax benefits of the discontinued segment.
• E) All of these answers are correct.

---

Definitions:

Animal

A living organism that feeds on organic matter, typically having specialized sense organs and nervous system, and capable of voluntary movement.

Genus

A term in classification denoting a category of organisms sharing common characteristics, ranking above species and below family.

Furniture

Objects used to make a room or building suitable for living or working in, such as chairs, tables, and beds.

Tables

Pieces of furniture consisting of a flat top supported by one or more legs, used for various activities like eating, writing, or working.