Information On May 1, 2021, Cedar Corp. paid $432,000 for rent on a new warehouse space for a one year period beginning on May 1, 2021. On November 1, 2021, Cedar Corp: entered into a lease agreement to rent out its old warehouse space it was no longer using. This agreement calls for Cedar to receive $10,000 per month from the lessee, due and payable at the end of the 5 -month lease term. At December 31,2021 , none of the rental payments from the lessee had yet been received. Q 7 Which of the foliowing is not trul regarding a diseontinued operation? Select ane: a. The discontinued business unit has its own identillable operations and cash fows. D. The company must have reported its intention to seli the related business unit in the previous year's arnual report notes. c. The company must have no sipnificant continulng involvement in the discontinued unit's operations after its disposal. d. The operations and cash flows of the unit must be removed from the compary's continuing operations