Which of the following criteria is not required for the results of a component of an entity to be classified as discontinued operations? Group of answer choices Management must have entered into a sale agreement. The component is available for immediate sale. The operations and cash flows of the component shall be eliminated from the operations of the entity as a result of the disposal. The entity shall not have any significant continuing involvement in the operations of the component after disposal.
Which of the following criteria is not required for the results of a component of an entity to be classified as discontinued operations? Group of answer choices Management must have entered into a sale agreement. The component is available for immediate sale. The operations and cash flows of the component shall be eliminated from the operations of the entity as a result of the disposal. The entity shall not have any significant continuing involvement in the operations of the component after disposal.
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter6: Cash And Receivables
Section: Chapter Questions
Problem 10MC
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6
Which of the following criteria is not required for the results of a component of an entity to be classified as discontinued operations?
Group of answer choices
Management must have entered into a sale agreement.
The component is available for immediate sale.
The operations and
The entity shall not have any significant continuing involvement in the operations of the component after disposal.
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