Intermediate Accounting (16th Edition)

Published by Wiley
ISBN 10: 1118743202
ISBN 13: 978-1-11874-320-1

Chapter 4 - Income Statement and Related Information - Review and Practice - Questions - Page 181: 31


The closings would NOT be reported in a separate section entitled, “Discontinued operations after income from continuing operations.”

Work Step by Step

The cash flows, results of operations, activities of the plants and assists of the plants would not appear to be clearly distinguishable enough operationally or for financial reporting purposes from the activities, assets, result of operations and operations of the Linus Paper Company.
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