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What is the sale or disposal, or the planned sale or disposal, of a business or a significant component of a business referred to as? An extraordinary item A discontinued operation Other revenues and expenses Gain or loss on sale of assets

What is the sale or disposal, or the planned sale or disposal, of a business or a significant component of a business referred to as? An extraordinary item A discontinued operation Other revenues and expenses Gain or loss on sale of assets

FINANCIAL ACCOUNTING
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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21 What is the sale or disposal, or the planned sale or disposal, of a business or a significant component of a business referred to as? Multiple Choice An extraordinary item A discontinued operation Other revenues and expenses OGain or loss on sale of assets
Transcribed Image Text:21 What is the sale or disposal, or the planned sale or disposal, of a business or a significant component of a business referred to as? Multiple Choice An extraordinary item A discontinued operation Other revenues and expenses OGain or loss on sale of assets
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