A component of an entity represents a separate major line of business.

Name: A component of an entity represents a separate major line of business.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A component of an entity often represents a separate major line of business or geographical area of operations, and it may include operations that are clearly distinguishable, operationally or for financial reporting purposes, from the rest of the entity.

A Component of an Entity Represents a Separate Major Line