Discontinued operations Flashcards
1
Q
what are elements that included in the result of discontinued operations on the income statement ?
A
A) Operational Losses
B)C) Impairment losses
C) gain or loss on disposal
2
Q
what happen when an asset is classified as Held-For-Sale ?
A
A) Impairment test is conducted and recognized on IS
B) Stop amortization and depreciation
3
Q
how results from discontinued operations disclosed ?
A
In a separate section on the income statement Category #3 Net of Tax
