In reporting discontinued operations, the income statement should show in a special section
1. gains on the disposal of a discontinued component.
2. losses on the disposal of a discontinued component.
A) 1 only.
B) 2 only.
C) neither 1 nor 2.
D) both 1 and 2.

Question

In reporting discontinued operations, the income statement should show in a special section
	1.	gains on the disposal of a discontinued component.
	2.	losses on the disposal of a discontinued component.
A)	1 only.
B)	2 only.
C)	neither 1 nor 2.
D)	both 1 and 2.

Quizplus · Accepted Answer

In reporting discontinued operations, the income statement should show in a special section
1. gains on the disposal of a discontinued component.
2. losses on the disposal of a discontinued component.

In Reporting Discontinued Operations, the Income Statement Should Show in a Special