Under USGAAP, Sometimes a Firm Sells or Otherwise Disposes of a a Major

Multiple Choice

Under U.S.GAAP, sometimes a firm sells or otherwise disposes of a major division or segment of its business during the year or contemplates its sale or disposal within a foreseeable time after the end of the accounting period.If so, it must disclose separately any income, gains, and losses related to that division or segment.The separate disclosure appears in the

A) income from continuing operations.
B) income, gains, and losses from discontinued operations.
C) extraordinary gains and losses.
D) retained earnings.
E) paid-in-capital.