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  3. Study Set
    Financial Accounting Study Set 22
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    Exam 11: Evaluating Performance: Earnings Quality, the Income Statement, Statement of Comprehensive Income
  5. Question
    When a Company Discontinues a Segment of Its Business, the Income
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When a Company Discontinues a Segment of Its Business, the Income

Question 68

Question 68

True/False

When a company discontinues a segment of its business, the income statement should report income (loss)from continuing operations and income (loss)from discontinued operations.

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