Regarding discontinued operations, which of the following statements is correct?
A) Gains and losses on the sale of plant assets are reported as discontinued operations.
B) A loss on discontinued operations is reported with an addition for the applicable income tax.
C) Most analysts include the results of discontinued operations in financial analysis.
D) The disposal of the financing segment of a large corporation would be reported as a discontinued operation.
D
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Which statement about lawsuits is NOT correct?
A. The defendant commences the action with a complaint. B. A direct examination of a witness is followed by a cross-examination. C. Most lawsuits are settled before trial. D. If there is a jury, the jury determines questions of fact.
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