To qualify as a discontinued operation, a gain or loss must:

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To qualify as a discontinued operation, a gain or loss must be associated with a segment of the business that has been discontinued during the current period. It does not need to affect the profit of a prior period or be larger in amount than any other item in the income statement. Additionally, while the gain or loss should be material in amount and unusual in nature, it may or may not be expected to recur.

To Qualify as a Discontinued Operation, a Gain or Loss