Answers to all questions should be in your own words, with citation to ASC 205 and 360. No need to cite ASC 420. 1. What is the rationale for sometimes reporting business units that are sold or will be sold as part of discontinued operations rather than as part of remaining continuing operations? Provide citation from the codification. 2. Referring to the codification, what do we mean by a component of an entity or a group of components of an entity? Provide citation from the codification. 3. Do Dynamics Inc. actions with respect to ZD Consulting, Hope Industries and AM Mining represent a "strategic shift?" Address each business separately. Provide citation from the codification. 4. Should AM Mining be classified as held for sale or held for use? Provide citation from the codification. 5. Should AM Mining be classified as part of discontinued operations even though it is not sold? Provide citation from the codification. 6. How should discontinued operations be reported on a company's income statement? Provide citation from the codification.