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Top Corp. has determined that its Alberta segment meets the criteria to be classified as a discontinued operation in Year 2 of the statement of
Top Corp. has determined that its Alberta segment meets the criteria to be classified as a discontinued operation in Year 2 of the statement of comprehensive income. Which one of the following describes how Top should treat the comparative Year 1 revenues and expenses in its Year 2 financial statements? A Re-present the Alberta segment as a discontinued operation in Year 1. B Leave the Alberta segment as a continuing operation in Year 1. C No adjustment is required to the Year 1 financial statements as a result of the discontinued operation assessment. D Restate both the Year 1 and Year 2 financial statements to present Alberta as a discontinued operation
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