What Is the Required Reporting for Discontinued Operations

question 10

Multiple Choice

What is the required reporting for discontinued operations?

• A) The results of discontinued operations should be reported as an extraordinary item.
• B) The gain or loss on the disposal should be reported in comprehensive income.
• C) The operating results of discontinued operations should be reported as part of continuing operations and any gain or loss on disposal should be disclosed separately from continuing operations.
• D) The operating results of discontinued operations should be reported separately from continuing operations and any gain or loss on disposal should be also be disclosed separately from continuing operations.

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Definitions:

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A prominent American historian, recognized for his extensive work on the Reconstruction era, slavery, and the history of American freedom.

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The acceptance and respect of racial differences, promoting harmony and understanding among various ethnic groups.

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The acceptance and respect for various ethnic groups, cultures, and practices, promoting a harmonious and inclusive society.

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The dominant position of a state's armed forces over those of other countries, enabling it to conduct military operations with higher effectiveness and efficiency or deter potential threats.