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How Should a Discontinued Operation Be Presented in the Financial

Question 74

Multiple Choice

How should a discontinued operation be presented in the financial statements?


A) Summary information is presented as well as a subsequent provision of more extensive breakdowns of revenues, expenses, taxes, and financing cash flow figures.
B) Separate discussion is not required in the financial statement notes.
C) Presentation of separate amounts in the statement of comprehensive income, net of tax.
D) Presentation of a single amount in the statement of comprehensive income, before tax.

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