Revenues, expenses, gains, losses, and income tax related to a(n) must be removed from continuing operations and reported separately on the income statement. (

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05-07-2022
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Revenues, expenses, gains, losses, and income tax related to a(n) must be removed from continuing operations and reported separately on the income statement. (

Sagot :

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Tutorconsortium203idn Tutorconsortium203idn · Answer 1 · 2022-07-16T07:01:35-04:00

Revenues, expenses, gains, losses, and income tax related to "disconnected operation" must be removed from continuing operations and reported separately on the income statement.

What is disconnected operation?

In the event that a shared data repository has brief outages, disconnected operation allows a client to keep using it to obtain vital information.

The examples of disconnected operations are-

closure of a poorly performing section.
merger-related redundancies
a product line's sale
discontinuing services that are no longer needed.

Some key features of disconnected operations are-

Parts of a company's operations that have been sold off or discontinued are referred to as discontinued operations in accounting.
They are listed separately from continuing operations on the income statement.
Understanding which assets are being sold off when companies merge might help to clarify how a company will generate revenue in the future.

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What is disconnected operation?

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