Discontinued Operations Flashcards
1
Q
Discontinued Operations
A
Appears below continuing operations on the income statement.
2
Q
How are discontinued operations presented on the income statement
A
Net of tax
3
Q
Results of operations, gain or loss on the “disposal of the business segment presentation
A
Results of operations = presented on one line
Gain or loss on the disposal of the business segment = reported on a separate line
