Which of the Following Statements Is Correct for an Entity

Multiple Choice

Which of the following statements is correct for an entity that has discontinued part of its operations during the financial year?

A) The entity must show the profit or loss from the discontinued operation separately to the profit or loss from continued operations.
B) The entity must include the profit or loss from the discontinued operation as part of continued operations.
C) The entity must not show the profit or loss from the discontinued operation on the financial statements for the year.
D) The entity must show only the profit or loss from the discontinued operation on the financial statements for the year.