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A Company That Discontinues and Disposes of an Operation Component)

Question 47
Multiple Choice
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Multiple Choice

A company that discontinues and disposes of an operation component) should include the gain or loss on sale in the income statement as an)

A) prior-period adjustment.
B) a component of other comprehensive income.
C) an amount that is reported after income from continuing operations but before net income.
D) bulk sale of fixed assets included in income from continuing operations.

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