All of the Following Statements Regarding a Business Segment Are

Multiple Choice

All of the following statements regarding a business segment are true except:

A) A company's gain or loss from selling or closing down a segment is reported separately.
B) A business segment is a part of a company's operations that serves a particular product line.
C) A segment has assets, liabilities, and financial results of operations that can be distinguished from those of other parts of the company.
D) A segment's income for the period prior to the disposal and the gain or loss resulting from disposing of the segment's assets are reported separately.
E) The income tax effects of a discontinued segment are combined with income tax from continuing operations.