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Question 1

a. What is a component of an entity?

b. What is at least one example provided in FASB ASC of a group of components of an entity?

Question 2a: Is the sale or disposition of business a reporting strategy shift for ZD Consulting Services?

Question 2b: Is the sale or disposition of business a reporting strategy shift for Hope Industries?

Question 2c: Is the sale or disposition of business a reporting strategy shift for AM Mining Operations?

Question 3: Is AM Mining Operations held for sale or use?

Question 4: Is AM Mining Operations part of discontinuing operations even though not sold?

Question 5: How are discontinuing operations to be reported on an income statement?

Question 6: How are discontinuing operations reported on a balance sheet?

Question 7: What should note to discontinuing operations contain?

Question 8: How should gains or losses on sale of assets not part of discontinued operations be reported?

Question 9: How should impairment losses on assets that are not part of discontinuing operations be

reported on the income statement?