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Topic: Business
Number of pages / Number of words: 8 / 2023
Essay's paper body

Thus it could be a reportable segment or an operating segment, a reporting unit, a subsidiary, or an asset group. (Meeting and Luecke) As a result, under Statement 144, more asset sales or disposals will be eligible to be accounted for as discontinued operations. This is more expansive than the guidance in Opinion 30, where only a segment of a business whose activities represented a separate major line of business could qualify for reporting as discontinued operations...


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This is more expansive than the guidance in Opinion 30, where only a segment of a business whose activities represented a separate major line of business could qualify for reporting as discontinued operations. (BDO Seidman) Although 144 expands the use of discontinued operations it eliminates the previous practice of accruing all future operating losses associated with the disposal...


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