If a component held for sale becomes a discontinued operation in a reporting period, but has not been sold by the end of the period, the income effects of the discontinued operations that are reported include Multiple choice question. an impairment loss but not the operating income or loss operating income or loss but not an impairment loss operating income or loss, and impairment loss, if needed, net of tax affects operating income or loss, and gain or loss from disposal, net of tax effects