Which of the following is not part of the U.S. GAAP definition of a component of an entity under discontinued operations?
A) a subsidiary acquired exclusively with a view to resale
B) comprising operations and cash flows
C) a portion of the entity
D) clearly distinguished, operationally, and for financial reporting purposes from the rest of the entity

Question

Quizplus · Accepted Answer

A subsidiary acquired exclusively with a view to resale is not part of the U.S. GAAP definition of a component of an entity under discontinued operations because it is not a portion of the entity that is clearly distinguished, operationally, and for financial reporting purposes from the rest of the entity.

Which of the Following Is Not Part of the U