Q 13.1: What is the accounting treatment for discontinued operations? A It may be treated as sales revenue (if it is a gain) and as an operating expense (if it is a loss). B) It is reported at its gross amount as an "other revenue or gain" or "other expense or loss". C) It only needs to be disclosed in the footnotes of the financial statements. D It is reported as an "other revenue or gain" or "other expense and loss", net of tax