IFRS 5 defines a discontinued operation as an operating segment of a company that:
A) has been sold.
B) is held for sale.
C) has been sold or is held for -sale.
D) is no longer under management control.

Question

Quizplus · Accepted Answer

IFRS 5 defines a discontinued operation as an operating segment of a company that has been sold or is held for sale. Therefore, the best choice is C, which includes both options. Option A is incorrect because it only considers segments that have been sold, while option B is incorrect because it only considers segments that are held for sale. Option D is also incorrect because it does not include the requirement that the segment must be sold or held for sale.

IFRS 5 Defines a Discontinued Operation as an Operating Segment