The sale or disposal of a significant component of a company's operations is referred to as:
A)A discontinued operation.
B)Other gains and losses.
C)Other revenues and expenses.

Question

Quizplus · Accepted Answer

The sale or disposal of a significant component of a company's operations meets the definition of a discontinued operation as per accounting regulations. Therefore, option A is the most suitable choice. Option B and C are not relevant to this concept.

The Sale or Disposal of a Significant Component of a Company's