Which of the following items would be included in the discontinued operations section of the income statement?

Question

Quizplus · Accepted Answer

The discontinued operations section of the income statement includes both the income (loss) from operating the segment prior to its disposal and the gain or loss on disposal of the segment. This is because the segment has been discontinued and is no longer part of the company's ongoing business operations, so any income or loss associated with it should be separate from the continuing operations of the business. Both gains and losses on the disposal of the segment are also included, since this represents the final outcome of discontinuing the segment.

Which of the Following Items Would Be Included in the Discontinued