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stiv31 [10]
3 years ago
8

In order for a loss on the disposal of a discontinued operation to be classified on the income statement as a discontinued opera

tion, it must be unusual in nature. True or False True False
Business
1 answer:
Fed [463]3 years ago
3 0

Answer:

False

Explanation:

When a company divests from a product line or shuts down one of it's operations which earlier formed part of it's core business, such a process is referred to as discontinuation of operations.

Loss arising out of disposal of discontinued operations yields tax benefits in the form of tax savings since such a loss is tax deductible.

The loss on the disposal of discontinued operations is reported in a separate section of the income statement.

Such losses are deducted from the income of continuing operations to arrive at the net income of an entity.

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Answer:

B. Cash Flow problem

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Explanation:

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3 0
3 years ago
Which of the following represents the fixed costs associated with buying materials from Suppliers, not including the costs of ma
o-na [289]

Answer:

Carrying costs

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5 0
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The means of production consists of __________. Question 3 options: tools, factories, land, and investment capital class conscio
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Answer:

tools, factories, land, and investment capital

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