Which statement is correct respecting the presentation of discontinued operations on EPS?
A)EPS from discontinued operations must be presented on the face of the income statement.
B)EPS from discontinued operations may either be presented on the face of the income statement or may be disclosed in the financial statements.
C)ASPE requires EPS from discontinued operations to be presented on the face of the income statement.
D)IFRS does not require basic EPS to be shown separately for continuing operations and for discontinued operations.

Question

Quizplus · Accepted Answer

EPS from discontinued operations can be presented either directly on the face of the income statement or disclosed in the notes to the financial statements. This provides flexibility in how this information is communicated to users of the financial statements.

Which Statement Is Correct Respecting the Presentation of Discontinued Operations