When a Business Segment Is Discontinued During the Year,the Gain

question 40

Multiple Choice

When a business segment is discontinued during the year,the gain or loss on disposal

• A) is reported as an extraordinary item.
• B) should include only the loss or income from operating the discontinued segment for the current period.
• C) excludes only the gain or loss on disposal of the segment.
• D) should be shown net of applicable income taxes.

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Definitions:

Random Assignment

A method used in experiments to evenly distribute participants across various treatment groups, ensuring each group is comparable at the start.

Experimental Group

The group in an experiment that receives the variable being tested, allowing researchers to determine the effect of that variable.

Control Group

In experimental research, a group of subjects that does not receive the treatment being tested, allowing researchers to compare outcomes.

Personal Values

Core beliefs or principles that individuals hold, guiding their behavior and influencing their decisions, goals, and life direction.