Business, Legal & Accounting Glossary
“Discontinued operations” refers to business operations that a company has either discontinued or will discontinue in the near future or in subsequent periods.
For accounting purposes, income from discontinued operations is usually presented as a line item in the income statement, and is usually not considered when making projections of a company’s growth prospects.
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This glossary post was last updated: 20th April, 2020 | 2 Views.