A loss from the disposal of a significant component of a business should be reported separately in the income statement:
A) after other comprehensive income.
B) before income before income taxes.
C) after income from continuing operations.
D) before income from continuing operations.

Question

Quizplus · Accepted Answer

The loss from the disposal of a significant component of a business should be reported separately on the income statement, after the income from continuing operations. This allows for a clear separation of the one-time event from the ongoing operations of the business.

A Loss from the Disposal of a Significant Component of a Business