Which One of the Following Is True Concerning Discontinued Operations

question 80

Multiple Choice

Which one of the following is true concerning discontinued operations?

• A)It relates primarily to product changes in a company.
• B)The gain or loss associated with the disposal is shown separately as a component of continuing operations on the income statement.
• C)It is reported with 'other revenues and losses' on the company's income statement.
• D)One of two separate disclosures required is income or loss from the segment's operations from the beginning of the current accounting period to the date of disposal.