Under IFRS, to qualify as a discontinued operation or disposal group, the proceeds of a sale must:
A) be recovered through a sale transaction.
B) be recovered through continuing use.
C) be recovered through a sale transaction or through continuing use.
D) be made in cash.

Question

Quizplus · Accepted Answer

To qualify as a discontinued operation or disposal group under IFRS, the proceeds must be recovered specifically through a sale transaction, not through continuing use or any other means.

Under IFRS, to Qualify as a Discontinued Operation or Disposal