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  2. Topic
    Business
  3. Study Set
    Intermediate Accounting
  4. Exam
    Exam 5: Income Statement and Related Information
  5. Question
    Phasing Out of a Product Line or Class of Service
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Phasing Out of a Product Line or Class of Service

Question 1

Question 1

True/False

Phasing out of a product line or class of service is a disposal of assets that qualifies as a disposal of a component of a business.

Correct Answer:

verifed

Verified

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