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How Is "Discontinued Operations" Information Presented in the Financial Statements

Question 20

Multiple Choice

How is "discontinued operations" information presented in the financial statements?


A) Summary information is presented as well as a subsequent explanation of more extensive breakdowns of revenues, expenses, taxes, and financing cash flow figures.
B) A single amount is presented for discontinued operations on the balance sheet.
C) The net profit from discontinued operations is presented separately.
D) The net gain or loss from disposal of discontinued operations is presented separately.

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