The discontinued operations section of the income statement refers to a. the disposal of a significant component of a business. b. discontinuance of a product line. c. the income or loss on products that have been completed and sold. d. obsolete equipment and discontinued inventory items.

The discontinued operations section of the income statement refers to a. the disposal of a significant component of a business. b. discontinuance of a product line. c. the income or loss on products that have been completed and sold. d. obsolete equipment and discontinued inventory items.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

The discontinued operations section of the income statement refers to
a. the disposal of a significant component of a business.
b. discontinuance of a product line.
c. the income or loss on products that have been completed and sold.
d. obsolete equipment and discontinued inventory items.

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