IFRS Uses the Idea of a Disposal Group, a Group

Multiple Choice

IFRS uses the idea of a disposal group, a group of assets and directly associated liabilities that a firm will dispose of as a group in a single transaction.The disposal group notion of IFRS envisions a larger unit than the component notion of U.S.GAAP.In the year that a firm decides to sell or otherwise dispose of a unit that qualifies as a discontinued operation, it aggregates the assets and liabilities of that unit on the balance sheet into four groups. Which of the following is not one of the groups?

A) current assets
B) noncurrent assets
C) current liabilities
D) noncurrent liabilities
E) contingent liabilities