If a company's activities include operations that are being discontinued,the income or loss effects of the discontinued operations are included on the income statement as part of income from continuing operations.

Question

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If a company's activities include operations that are being discontinued, the income or loss effects of the discontinued operations are presented separately on the income statement as "discontinued operations." They are not included as part of income from continuing operations.

If a Company's Activities Include Operations That Are Being Discontinued,the