Under U.S.GAAP, a discontinued operation is a component of an entity, comprising operations and cash flows that clearly differ from the rest of the entity, both operationally and for financial reporting. Segments, divisions, subsidiaries, and groups of assets can qualify as a component of an entity.

Question

Quizplus · Accepted Answer

This statement is accurate according to U.S. GAAP guidelines for identifying a discontinued operation.

Under USGAAP, a Discontinued Operation Is a Component of an Entity