Multiple Choice
When a company discontinues an operation and disposes of the discontinued operation (component) , the transaction should be included in the income statement as a gain or loss on disposal reported as
A) a prior period adjustment.
B) an other income and expense item.
C) an amount after continuing operations and before net income.
D) a bulk sale of plant assets included in income from continuing operations.
Correct Answer:
Verified
Correct Answer:
Verified
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