In discontinued operations reporting, the amounts shown on the income statement are shown net of tax.

Name: In discontinued operations reporting, the amounts shown on the income statement are shown net of tax.
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Quizplus · Accepted Answer

In discontinued operations reporting, the amounts shown on the income statement, such as gains or losses from the operation and disposal of the discontinued component, are indeed shown net of tax to provide a clearer picture of their impact on the entity's net income.

In Discontinued Operations Reporting, the Amounts Shown on the Income