64 Analyze the following: I – Any gain on a subsequent increase in the fair value less cost of disposal of a noncurrent asset classified as held for sale should always be recognized in full. II – Results from discontinued operation should be presented in the income statement as a single amount on the face of the said statement below the income from continuing operations. III – The total external revenue of all reportable segments should be 75% or more of the entity's external revenue to pass the 75% overall size test for reportable segments. Given these, we can conclude that: Group of answer choices Only statement II is not false. Only statement I is not false. Only statements II and III are not true. Statement III is not false.
64
Analyze the following:
I – Any gain on a subsequent increase in the fair value less cost of disposal of a noncurrent asset classified as held for sale should always be recognized in full.
II – Results from discontinued operation should be presented in the income statement as a single amount on the face of the said statement below the income from continuing operations.
III – The total external revenue of all reportable segments should be 75% or more of the entity's external revenue to pass the 75% overall size test for reportable segments.
Given these, we can conclude that:
Group of answer choices
Only statement II is not false.
Only statement I is not false.
Only statements II and III are not true.
Statement III is not false.
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