Which of the following is a required disclosure in the income statement when reporting the disposal of a segment of the business?
A)The gain or loss on disposal should be reported as an unusual item.
B)Results of operations of a discontinued segment should be disclosed immediately below
Other irregular items.
C)Earnings per share from both continuing operations and net income should be disclosed
On the face of the statement or in the notes.
D)The gain or loss on disposal should not be segregated, but should be reported together
With the results of continuing operations.
Reporting Financial Performance 4 - 11

Question

Quizplus · Accepted Answer

The Answer of Which of the following is a required disclosure in the income statement when reporting the disposal of a segment of the business?
A)The gain or loss on disposal should be reported as an unusual item.
B)Results of operations of a discontinued segment should be disclosed immediately below
Other irregular items.
C)Earnings per share from both continuing operations and net income should be disclosed
On the face of the statement or in the notes.
D)The gain or loss on disposal should not be segregated, but should be reported together
With the results of continuing operations.
Reporting Financial Performance 4 - 11

Which of the Following Is a Required Disclosure in the Income