Financial & Managerial Accounting 17th Edition by Jan Williams ,Susan Haka,Mark Bettner,Joseph Carcello

تمرين 62

Frank's Fun Company owns 30 pizza parlors and a minor league baseball team. During the current year, the company sold three of its pizza parlors and closed another when the lease on the building expired. Should any of these events be classified as discontinued operations in the company's income statement? Explain.