Under USGAAP and IFRS, the Firm Measures the Assets and Liabilities

Multiple Choice

Under U.S.GAAP and IFRS, the firm measures the assets and liabilities of a discontinued operation at the lower of their _____ It reports any gain or loss that results in the Discontinued Operations section of the income statement.The Discontinued Operations section also includes income or loss from operating the unit for that year.Financial statements for prior years included for comparative purposes classify those amounts also as a discontinued operation.

A) carrying values or their fair values.
B) net realizable values or their fair values.
C) carrying values or the present value of future cash flows.
D) net realizable values or the present value of future cash flows.
E) liquidation values or the present value of future cash flows.