The principal benefit of separately reporting discontinued operations is to enhance: a. Predictive ability of future profitability. b. Consistency in reporting. c. Intraperiod continuity. d. Comprehensive reporting. The Claxton Company manufactures children's toys and also has a division that makes automobile parts. Due to a change in its strategic focus, the company sold the automobile parts division. The division qualifies as a component of the entity according to GAAP. How should Claxton report the sale in its 2016 income statement? a. Report it as restructuring costs. b. Report it as a discontinued operation. c. Report the income or loss from operations of the division in discontinued operations. d. Report it as a gain on sale of investments included in income front continuing operations