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Discontinued Operation

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Discontinued Operations
Divisions within a business that have either stopped operations due to lack of profitability or have been sold. A business may discontinue operations of a division if it loses money for the business or if it wishes to expand in other directions, among other reasons. The Financial Accounting Standards Board requires publicly-traded companies to report earnings per share of all divisions in its business, including discontinued operations. See also: Cost accounting.

discontinued operation
A segment of a business that has been abandoned or sold or for which plans for one or another of these actions have been approved. See also continuing operations.


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The division is being treated as a discontinued operation.
Constituents asked to provide comment on FASB Staff Position FAS 144-d, Amending the Criteria for Reporting a Discontinued Operation NORWALK, Conn.
These results will be reported as discontinued operations in accordance with international accounting standards IFRS.
 
 
 
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