When a company's income statement includes discontinued operations, the company should report per share information on:
A) Option A
B) Option B
C) Option C
D) Option D

Question

When a company's income statement includes discontinued operations, the company should report per share information on: 
A) Option A 
B) Option B 
C) Option C 
D) Option D

Quizplus · Accepted Answer

According to GAAP (Generally Accepted Accounting Principles), when a company reports discontinued operations, it should report per share information on the income or loss from those discontinued operations separately on the income statement. This information is reported net of tax and should not be included in the company's continuing operations per share calculations. Option B is the only option that includes per share information for discontinued operations.

When a Company's Income Statement Includes Discontinued Operations, the Company