Assets and liabilities of a discontinued operation that are held for sale are reported
A)separately on statement of financial position.
B)at higher of their carrying amount or fair value.
C)at lower of fair value or cost.
D)separately on the statement of comprehensive income.

Question

Quizplus · Accepted Answer

Assets and liabilities of a discontinued operation that are held for sale must be reported separately on the statement of financial position to provide clear information about the resources and obligations that are expected to be disposed of.

Assets and Liabilities of a Discontinued Operation That Are Held