When a Company Discontinues an Operation and Disposes of the Discontinued

When a company discontinues an operation and disposes of the discontinued operation (component) , the transaction should be included in the income statement as a gain or loss on disposal reported as

A) a prior period adjustment.
B) an other income and expense item.
C) an amount after continuing operations and before net income.
D) a bulk sale of plant assets included in income from continuing operations.
^S56. Gains or losses on the disposal of investments should be shown in the income statement