Case 2.1 Compro Inc. Conducting Financial Reporting Research: Discontinued Operations Compro Companies, Inc., founded in 1894, provides corrosion control-related services. systems, equipment and materials to the infrastructure, environmental, and energy markets. Compro's products and services include (2) corrosion control engineering services: systems and equipment (b) coating services; and (c) pipeline integrity and risk-assessment services. The following information was abridged from the company's March 31, 2003, Form 10-K Assets and Liabilities Held For Sale In July, 2022, the company's Board of Directors approved a formal business restructuring plan. The multiyear plan includes a series of initiatives to improve operating income and reduce debt. The company intends to sell noncore business units and use the proceeds to reduce debt. The company has engaged outside professionals to assist in the disposition of the domestic and international noncore business units Prior to the quarter-ended September 30, 2022, the company's noncore domestic and international units were reported as the Other Operations and International Operations reporting segments Effective for the quarter ended September 30, 2022, the Other Operations and International Operations reporting segments have been eliminated and the noncore domestic and international units are reported as discontinued operations. Prior year financial statements have been reclassified to reflect these noncore units as discontinued operations, which are also referred to as "assets and abilities held for