Multiple Choice
Which of the following items would be included in the discontinued operations section of the income statement?
A) Profit or loss from operating the segment prior to its disposal.
B) The gain or loss on disposal of the segment.
C) Both a and b above.
D) Only losses and not gains on the disposal of a segment.
Correct Answer:
Verified
Correct Answer:
Verified
Q19: Diluted earnings per share is a hypothetical
Q20: Diluted earnings per share are shown to
Q21: On January 31, 2009, Village Bank had
Q23: Declaration and distribution of a stock dividend
Q25: Retrospective restatements are shown in the financial
Q26: Earnings per share-basic and diluted<br>Stainless Corporation
Q27: Platinum Company reports profit of $520,000 for
Q28: The shareholders' equity section of the balance
Q29: Comprehensive income is a component of profit.
Q51: "Discontinued operations" is an example of an