Multiple Choice
Which of the following is true concerning discontinued operations?
A) Only the gain or loss is reported on the income statement.
B) It must be both unusual in nature and infrequent in occurrence.
C) Analysts would not normally include this item in making their decisions.
D) Net income or loss from prior years must also be disclosed in the year of disposition.
Correct Answer:
Verified
Correct Answer:
Verified
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