Question: 24 On April 30, Deer Corp. committed to a plan to sell a component of the entity. This sale represents a strategic shift that has a major effect on Deer's operations and financial results. For the period January 1 through April 30, the component had revenues of $500,000 and expenses of $800,000. The assets of the component were sold on October 15 at a loss for which no tax benefit is available. In its income statement for the year ended December 31, how should Deer report the component's operations from January 1 to April 30? A,$500 000 and $800, 000 should be included with revenues and Ae,xpenses respectively, as part of continuing operations. $300,000 should be reported as part of the loss on disposal of a component. $300,000 should be reported as an item of other comprehensive income. $300,000 should be included in the determination of income or loss from operations of a discontinued component. B. C. D