The discontinued operations section of the income statement refers to
A) discontinuance of a product line.
B) the income or loss on products that have been completed and sold.
C) obsolete equipment and discontinued inventory items.
D) the disposal of a significant component of a business.

Question

Quizplus · Accepted Answer

The discontinued operations section of the income statement refers to earnings or losses from a significant component of a business that has been disposed of. This can include the sale or closure of a division, subsidiary, or other major asset.

The Discontinued Operations Section of the Income Statement Refers to