On the Income Statement,the Results of Discontinued Operations Are Reported

question 66

Multiple Choice

On the Income Statement,the results of discontinued operations are reported:

• A)as part of other income (expense).
• B)immediately after the extraordinary items section.
• C)net of income tax or net of income tax savings.
• D)before the operating income section.

---

Definitions:

Lawrence Kohlberg

An esteemed psychologist from the US, widely acclaimed for his foundational theory on the different stages of moral growth.

Western Values

A term often used to describe the set of cultural, ethical, and philosophical principles that are commonly held or valued in Western societies, including democracy, individual rights, and freedom of expression.

Moral Stages

Refers to the levels of moral development that individuals progress through, often conceptualized in the framework of theories such as Kohlberg's.