A Loss from the Disposal of a Segment of a Business

Multiple Choice

A loss from the disposal of a segment of a business enterprise should be reported separately in the income statement:

A) after cumulative effect of changes in accounting principle and before extraordinary items.
B) before cumulative effect of changes in accounting principle and after extraordinary items.
C) after extraordinary items and cumulative effect of changes in accounting principle.
D) before extraordinary items and cumulative effect of changes in accounting principle.