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Regarding discontinued operations, which of the following statements is correct? A. A loss on discontinued operations is included with an addition for the income tax

Regarding discontinued operations, which of the following statements is correct?

A.

A loss on discontinued operations is included with an addition for the income tax savings on the loss.

B.

The disposal of the financing segment of a large corporation would be reported as a discontinued operation.

C.

A loss on discontinued operations is reported with an addition for the applicable income tax.

D.

Gains and losses on the sale of plant assets are reported as discontinued operations.

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