Examples of Discontinued Operations Include All of the Following Except

question 25

Multiple Choice

Examples of discontinued operations include all of the following except:

• A)A disposal of a major geographical area.
• B)A disposal of a major piece of equipment.
• C)A disposal of a major line of business.

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Definitions:

Budget Schedule

A detailed plan that outlines a company's financial and operational goals over a specific period, often including expected revenues, expenses, and cash flows.

Budget Manual

A comprehensive guideline document for the preparation of budgets, detailing procedures, and responsibilities.

Internal Control

The processes and procedures implemented by an organization to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.

Budgeting Process

The activity of preparing a detailed financial plan for achieving the financial and operational goals of an organization.