Which of the Following Is Correct

question 44

Multiple Choice

Which of the following is correct?

• A) Discontinued operations are shown as the last category after income from continuing operations.
• B) The discontinued operations section of the income statement consists only of the gain or loss on disposal of the discontinued component net of the tax effect.
• C) The discontinued operations section of the income statement consists only of the income or loss from operating the discontinued component net of the tax effect.
• D) The discontinued operations section of the income statement consists of the income or loss from operating the discontinued component net of the tax effect as well as the gain or loss on disposal of the discontinued component net of the tax effect.

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Definitions:

Temporary Activation

A state or condition of being enabled or made active for a limited period.

Temporary

Lasting for a limited period of time; not permanent or enduring.

Physiological

Related to the functions and activities of living organisms and their parts, including all physical and chemical processes.

Temporary

Something not permanent or lasting only for a limited period of time.