When a company sells off part of the business,this would be reported:
A)as a retrospective application.
B)in the discontinued operations section.
C)in the continuing operations section.
D)in the extraordinary items section.

Question

Quizplus · Accepted Answer

When a company sells off part of the business, it is reported in the discontinued operations section of the financial statements. This section displays any income or losses resulting from the disposal of a segment of the business that the company has either already discontinued or is planning to discontinue.

When a Company Sells Off Part of the Business,this Would