Which of the Following Is True Regarding Discontinued Operations

Multiple Choice

Which of the following is true regarding discontinued operations?

A) If a loss is expected on disposal, the estimated loss is recognized in the financial statements as of the measurement date.
B) If a loss is expected on disposal, the estimated loss is recognized in the financial statements as of the disposal date.
C) If a loss is expected on disposal, recognition is deferred until realization.
D) If a gain is expected on disposal, the estimated gain is recognized in the financial statements as of the measurement date.