Discontinued operations are:
A) rare.
B) shown net of income tax on the income statement.
C) shown in the Other Revenues or Other Expenses section of the income statement.
D) shown as one amount on the income statement, combining the operating profit (or loss) with the gain (or loss) on disposal.

Question

Quizplus · Accepted Answer

Discontinued operations are shown net of income tax on the income statement, reflecting the after-tax impact of the operations that have been discontinued.

Discontinued Operations Are