The loss from discontinued operations includes:
A)operating loss of discontinued segment during divestiture period.
B)loss on sale of discontinued segment.
C)unusual and infrequent losses.
D)A and B.

Question

Quizplus · Accepted Answer

Loss from discontinued operations includes both the operating loss of the discontinued segment during the divestiture period and the loss on the sale of the discontinued segment. Unusual and infrequent losses are not necessarily part of the loss from discontinued operations, but they may be reported separately on the income statement.

The Loss from Discontinued Operations Includes