Solved

The Gain or Loss on the Disposal of a Business

Question 16

Multiple Choice

The gain or loss on the disposal of a business segment is shown on the income statement as:

A) an extraordinary item.
B) part of discontinued operations
C) part of income from operations.
D) other gains or losses.

Related Questions

Q5: The formula to determine income tax expense

Q11: Which entity requires companies issuing publicly traded

Q12: Financial statement fraud does not include the

Q13: A company has a Foreign-Currency Transaction Gain

Q18: The revenue recognition principle requires that sales

Q20: Extraordinary items:<br>A)include the expropriation of a company's

Q72: It is NOT the independent auditor's responsibility

Q77: Common stock should be purchased if the

Q79: Ongoing expenses incurred by the entity, other

Q108: Income tax expense appears on the:<br>A)tax return.<br>B)statement