Which is not a criterion for an operation to be classified as discontinued? * The operation should represent a separate major line of business or geographical area The operation is part of a single plan to dispose of a separate major line of business or geographical area The operation is a subsidiary acquired exclusively with a view to resale The operation must be sold within three months of the year-end
Which is not a criterion for an operation to be classified as discontinued? * The operation should represent a separate major line of business or geographical area The operation is part of a single plan to dispose of a separate major line of business or geographical area The operation is a subsidiary acquired exclusively with a view to resale The operation must be sold within three months of the year-end
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Which is not a criterion for an operation to be classified as discontinued? *
The operation should represent a separate major line of business or geographical area
The operation is part of a single plan to dispose of a separate major line of business or geographical area
The operation is a subsidiary acquired exclusively with a view to resale
The operation must be sold within three months of the year-end
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