Company Inc. owned the following business operations for all or part of the current year.

• 3 warehouses: Northern, Western, and Eastern.
• a retail store
• an amusement park
• a music recording studio

The 3 warehouse operations together (Northern, Western, and Eastern combined) are considered to be a single business component. The retail store, amusement park and music operations are each separate business components. (Note, there is a total of 4 business components.)

Company sold the Western warehouse operation at the beginning of the year and had a loss of $30,000 on the sale. Companysold the amusement park operation at the beginning of the year and had a gain of $25,000 on the sale. Assume both sales represent strategicshifts for Company.

How will the gain and loss be reported on the income statement?

	A.	the gain and loss are both reported asother comprehensive income
	B.	the gain is a discontinued operation;the loss ispart of net income from continuing operations
	C.	the gain and loss are both reported asdiscontinued operations
	D.	the gain ispart of net income from continuing operations;the loss is a discontinued operation