Question $3$ of $31$

Greta, a CPA, specializes in accounting for discontinued operations for her clients. Of the following events, which one is Greta most likely to classify as a discontinued operation?

Sale of a small and immaterial equity method investment in another company

Sale of undeveloped land due to lack of customer demand for additional store locations

Sale of a group of assets that represents a strategic shift in operations

Closing a factory and laying off the workers that cannot transfer to a different facility

Disposal of a single product within a significant line of business