When a segment of a business has been discontinued during the year, the gain or loss on disposal should:
A) include operating losses of the current period up to the measurement date.
B) be net of applicable income taxes.
C) be reported as an infrequent item.
D) include operating losses during the phase-out period.

Question

Quizplus · Accepted Answer

The gain or loss on disposal should be net of applicable income taxes.

When a Segment of a Business Has Been Discontinued During