Which of the Following Is a Required Disclosure in the Income

question 13

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 in other comprehensive income.
• C) Earnings per share from both continuing operations and for the discontinued segment should be disclosed either 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.

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