On the Income Statement, the results of discontinued operations are reported:
A)as part of other income (expense).
B)as part of operating income.
C)net of income tax or net of income tax savings.
D)before the operating income section.

Question

Quizplus · Accepted Answer

The results of discontinued operations are reported net of income tax or net of income tax savings. This means that the income statement will show the income or losses incurred from discontinued operations after taking into account any income tax that was applicable.

On the Income Statement, the Results of Discontinued Operations Are