Quiz – Discontinuing Components

Intermediate Accounting

Spiceland, Nelson, and Thomas

10th Edition

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A company will discontinue a component of the business and to sell component by the end of year. What is amount that company would report as income from discontinued operations:

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  • Search Terms: (ignore a amount and as assets. assets. income business by company component component’s decided discontinue discontinued disposal effects): only either end for from gain has income is its loss of on only operations or report sells tax that the to would year year. year. only
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