If a company abandons a segment of its operation, the loss would be reported on the:

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19-12-2022
Business

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If a company abandons a segment of its operation, the loss would be reported on the:

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Srivastava Srivastava · Answer 1 · 2022-12-25T15:05:23-05:00

If a company abandons a segment of its operation, the loss would be reported on the: income statement immediately after income from continuing operations.

What do you mean by a private limited company?

When starting a business, picking the right company structure is vital. By optimizing different business processes, you may grow your firm more. If you have a business idea and want to establish it in India, you must legally register your firm as a specific type of company (Source). One of the several business models that can be established under the Companies Act of 2013 is a private limited company. A privately held firm for small businesses is called a private limited company. Members of a Private Limited Company are only responsible for the number of shares they really own. Private Limited Company shares cannot be exchanged publicly.

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