When an Asset Is Sold the Resulting Gain or Loss

When an asset is sold the resulting gain or loss is:

A) reported in other comprehensive income, normally with separate disclosure of income and the carrying amount of the asset
B) reported in other comprehensive income, normally on a net basis
C) reported in current period profit or loss, normally with separate disclosure of income and the carrying amount of the asset
D) reported in current period profit or loss, normally on a net basis