Regarding Discontinued Operations,which of the Following Statements Is Correct

question 161

Multiple Choice

Regarding discontinued operations,which of the following statements is correct?

• A) Gains and losses on the sale of plant assets are reported as discontinued operations.
• B) A loss on discontinued operations is reported with an addition for the applicable income tax.
• C) A loss on discontinued operations is included with an addition for the income tax savings on the loss.
• D) The disposal of the financing segment of a large corporation would be reported as a discontinued operation.