Hop Save Which of the following statements is not true? Multiple Choice We report any profits or losses on discontinued operations in the current year separately from profits and losses on the portion of the business that will continue. We report discontinued items separately, net of taxes, just before net income. The decision of whether to report a loss as part of continuing operations or discontinued operations depends on the preference of management. C) When using a company's current earnings to estimate future earnings performance. Investors ormally exclude discontinued operations