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A company has decided to discontinue a component of its business and sells the component by the end of the year. The amount that the company would report as income from discontinued operations is (ignore tax effects): Multiple Choice only Income from operations for the year. ( ) only the gain or loss on the disposal of the component's assets. Income from operations for the year and only a loss on the disposal of the component's assets. Income from operations for the year and elther a gain or loss on the disposal of the component's assets