The operating losses and gain or loss from a discontinued operation must be shown net of tax in a distinct section on the statement of income.

Name: The operating losses and gain or loss from a discontinued operation must be shown net of tax in a distinct section on the statement of income.
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Question

Quizplus · Accepted Answer

This is true according to accounting standards. The operating losses and gain or loss from a discontinued operation must be presented net of tax in a separate section on the statement of income.

The Operating Losses and Gain or Loss from a Discontinued