Which of the Following Is a Required Disclosure in the Income

question 34

Multiple Choice

Which of the following is a required disclosure in the income statement when reporting the disposal of a segment of the business?

• A)The gain or loss on disposal should be reported as an unusual item.
• B)Results of operations of a discontinued segment should be disclosed immediately below other irregular items.
• C)Earnings per share from both continuing operations and net income should be disclosed on the face of the statement or in the notes.
• D)The gain or loss on disposal should not be segregated, but should be reported together with the results of continuing operations.