Which of the following is true concerning discontinued operations?
A) Only the gain or loss is reported on the income statement.
B) It must be both unusual in nature and infrequent in occurrence.
C) Analysts would not normally include this item in making their decisions.
D) Net income or loss from prior years must also be disclosed in the year of disposition.

Question

Quizplus · Accepted Answer

Discontinued operations are not considered part of the ongoing business and are therefore excluded by analysts when evaluating the company's future performance.

Which of the Following Is True Concerning Discontinued Operations