Discontinued Ops

USA Discussion in 'Businesses / Corporations' started by Clock697, Aug 28, 2018.

  1. Clock697

    Clock697

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    How common is it for a segment being treated as discontinued operations to be unsold? What happens if it is not sold within one year and how is this accounted for?
     
    Clock697, Aug 28, 2018
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  2. Clock697

    kirby VIP Member

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    Typically sold within a year, but longer can happen.
    Topic 205-20-45-1G lists allowable exceptions to the 1 year rule. Please refer directly to those as they are too lengthy for me to retype here. Overall, though, if you do not have a good reason, then those Ops are going to be re-included into the main financial statements.
     
    kirby, Sep 5, 2018
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