Gains and losses related to the disposal of a segment of a business, and any related income tax effects, are reported in the discontinued operations section of the income statement.

Question

Quizplus · Accepted Answer

Gains and losses from the disposal of a segment of a business, along with any related income tax effects, are indeed reported in the discontinued operations section of the income statement, as they are not part of the company's ongoing operations.

Gains and Losses Related to the Disposal of a Segment