On the Income Statement,the results of discontinued operations are reported:
A)as part of other income (expense).
B)immediately after the extraordinary items section.
C)net of income tax or net of income tax savings.
D)before the operating income section.

Question

Quizplus · Accepted Answer

The results of discontinued operations are reported net of income tax or net of income tax savings. This means that the income or loss from discontinued operations is reported after taking into account the income tax effect.

On the Income Statement,the Results of Discontinued Operations Are Reported