The Disposal of a Significant Component of a Business Is

question 26

Multiple Choice

The disposal of a significant component of a business is called

• A)A change in accounting principle
• B)An extraordinary item
• C)An other expense
• D)Discontinued operation

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Definitions:

Tuition Charges

Fees charged by educational institutions for instruction and other services.

Endowments

Financial assets donated to institutions or individuals, often aimed at supporting ongoing funding needs.

Control Processes

Psychological mechanisms that help an individual regulate their thoughts, feelings, and behaviors in pursuit of their goals.

Total Immersion Approach

A method of language teaching where learners are placed in an environment where only the target language is spoken, to encourage rapid learning.