Business, 25.02.2020 21:03 kamjay2006

When a component of a company's operations is classified as held for sale at the end of an accounting period,
a. The component may not be reported as a discontinued operation until sold.
b. The component will be reported on the balance sheet at the higher of its (1) fair value net of any costs to sell or (2) book value.
c. The company may report the difference between the component's (1) fair value net of any costs to sell and (2) book value as a loss from discontinued operations on the income statement.
d. None of these choices apply.

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