A discontinued operation must be a business segment or unit that is a portion of an entity with operations and cash flows.

Name: A discontinued operation must be a business segment or unit that is a portion of an entity with operations and cash flows.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A discontinued operation refers to a component of an entity that has been disposed of or is classified as held for sale, and it must have operations and cash flows that can be clearly distinguished from the rest of the entity.

A Discontinued Operation Must Be a Business Segment or Unit