Find the best answers to your questions at Westonci.ca, where experts and enthusiasts provide accurate, reliable information. Join our Q&A platform to get precise answers from experts in diverse fields and enhance your understanding. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform.
Sagot :
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.
To know more about the income statement, here
https://brainly.com/question/15169974
#SPJ4
Thank you for your visit. We are dedicated to helping you find the information you need, whenever you need it. We appreciate your time. Please revisit us for more reliable answers to any questions you may have. We're glad you chose Westonci.ca. Revisit us for updated answers from our knowledgeable team.
