all of the following statements regarding a business segment are true except All

Question

all of the following statements regarding a business segment are true except All of the following statements regarding a business segment are true except A business segment is a part of a company's operations that serves a particular product line. A segment has assets, liabilities, and financial results of operations that can be distinguished from those of other parts of the company. A company's gain or loss from selling or closing down a segment is reported separately The income tax effects of a discontinued segment are combined with income tax from continuing operations. A segment's income for the period prior to the disposal and the gain or loss resulting from disposing of the segment's assets are reported separately

Explanation / Answer

All of the statements regarding business segment are true except the income tax effects of a discontinued segment are combined with income tax from continuing operations. Hence, option(D) is correct.

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