A gain or loss from discontinued operations is treated on the income statement as a ________.
A)part of regular income from operations for the period
B)separate line item called other revenues and expenses
C)separate line item before taxes
D)separate line item net of taxes

Question

Quizplus · Accepted Answer

A gain or loss from discontinued operations is presented as a separate line item on the income statement, net of taxes. This allows for better transparency and understanding of the financial impact of discontinuing a segment of the business.

A Gain or Loss from Discontinued Operations Is Treated on the Income