Part A

Which of the following would be included in net income?

A. An unrealized gain on an available for sale debt investmenet as of the end of the accounting period.

B. An unrealized gain as a result of a a foreign currency translation adjustment

C. An unrealized loss on an avaiable for sale debt investment as of the end of the accounting period

D. A gain from the disposal of equipment that occurred on the last day of the accounting period.

Part B. A discontinued operation must be a business segment or unit that is a portion of an entity with operations and cash flows.

True or False.