By definition,discontinued operations will not generate future cash flows thus transactions related to operations the firm intends to discontinue,or has already discontinued,must be reported separately from other income items on the income statement.

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This statement is true. Discontinued operations are reported separately from other income items on the income statement because they are not expected to generate future cash flows. This helps investors and analysts to evaluate the company's financial performance more accurately.

By Definition,discontinued Operations Will Not Generate Future Cash Flows Thus