Discontinued operations need to be treated separately from regular business operations on the ________.
A)balance sheet
B)income statement
C)statement of cash flows
D)statement of financial position

Question

Quizplus · Accepted Answer

Discontinued operations should be shown separately on the income statement to provide users of financial statements with more transparency and clarity regarding the impact of these operations on the overall financial performance of the company. The balance sheet, statement of cash flows, and statement of financial position may include information related to discontinued operations, but they are not the primary statements used to report on these activities.

Discontinued Operations Need to Be Treated Separately from Regular Business