Capnix University sold 3 of its campuses for $2,500,000, recognizing a gain on disposal of $600,000. These 3 campuses represented the entire east coast division.How should Capnix University report this gain?

• A
• :
• as an other revenue on the income statement
• B
• :
• as an unrealized gain on the income statement
• C
• :
• as a gain on disposal net of income tax on the income statement
• D
• :
• as a gain from discontinued operation net of income tax on the income statement