Discontinued operations
The definition: Discontinued operations is a component of an entity that either has been disposed off, or is classified as held for sale, and:
- represents a separate major line of business or geographical area of operations, Discontinued operations
- is part of a single coordinated plan to dispose of a separate major line of business or geographical area of operations; or
- is a subsidiary acquired exclusively with a view to resale. Discontinued operations
and the second definition: A component of an entity comprises operations and cash flows that can be clearly distinguished, operationally and for financial reporting purposes, from the rest of the entity. In other words, a component of an entity will have been a cash-generating unit or a group … Read more