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When a Company Sells a Segment of Its Business, the Gain

Question 19

Multiple Choice

When a company sells a segment of its business, the gain or loss on the disposal of the segment is shown as:


A) other gains or losses on the income statement
B) part of the discontinued operations section on the income statement
C) an extraordinary item appearing on the income statement
D) an adjustment to the beginning balance of retained earnings

Correct Answer:

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