Revenues, expenses, gains, losses, and income tax related to "disconnected operation" must be removed from continuing operations and reported separately on the income statement.
<h3>What is
disconnected operation?</h3>
In the event that a shared data repository has brief outages, disconnected operation allows a client to keep using it to obtain vital information.
The examples of disconnected operations are-
- closure of a poorly performing section.
- merger-related redundancies
- a product line's sale
- discontinuing services that are no longer needed.
Some key features of disconnected operations are-
- Parts of a company's operations that have been sold off or discontinued are referred to as discontinued operations in accounting.
- They are listed separately from continuing operations on the income statement.
- Understanding which assets are being sold off when companies merge might help to clarify how a company will generate revenue in the future.
To know more about the income statement, here
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Answer:
True.
Explanation:
True, the given statement is true because, for any business, customers are the main person for which the company makes the product. If the customer makes some complaint that means he is not happy with the service or product of your company. However, in such a case the company may lose its customers but it is the communication that can hold the customer when he complains. When a customer makes a complaint then it is a must remember all types of skills that can satisfy the customer and it could be verbal communication, nonverbal, and listening skills.
Answer:
Thank you, appreciate it.
Explanation:
Because I secretly love you.
Answer:
The financial analyst would be more justified in concluding the firm's liquidity position most probably has improved.
Explanation:
The current ratio is the which is used to measure or evaluate the firm short- term liquidity position and it provides a relationship among the CA (Current Assets) and CL (Current Liabilities).
As the Current ratio is 3.8 today, which is good for the firm as they have the ability to meet up its short- term obligations. Which in turn concludes that the firm liquidity position is improving.