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Generally Accepted Accounting Principles (GAAP) MCQs

What is the definition of a "discontinued operation"?

A part of a company that has been sold off or is being held out for sale

When a company decides to no longer manufacture a certain product

Operations which were not profitable last year

When a company goes bankrupt

Answer

Correct Answer: A part of a company that has been sold off or is being held out for sale

Explanation:

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More Generally Accepted Accounting Principles (GAAP) MCQ Questions

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