A Separate Section of the Income Statement Reporting Information About

Multiple Choice

A separate section of the income statement reporting information about discontinued operations is included

A) only if the sale resulted in a loss.
B) in every income statement prepared in accordance with the GAAP.
C) any time a major business asset is sold.
D) if a firm sells, during the period, or plans to sell, during the next period, a major division or segment of its business.
E) if a firm has sold during the previous period, or plans to sell during the next period, a major division or segment of its business.