A component of an entity, for the purpose of discontinued operations, represents all of the following except
A)a major line of business.
B)major geographical area of operations.
C)a clearly distinguishable component from the rest of the company.
D)a major line of business held for future use.

Question

Quizplus · Accepted Answer

A major line of business held for future use does not qualify as a discontinued operation because discontinued operations typically refer to components that have been disposed of or are classified as held for sale, not those held for future use.

A Component of an Entity, for the Purpose of Discontinued