When a company disposes of a discontinued operation (segment), the transaction should be included in the income statement as a gain or loss on disposal,
When a company disposes of a discontinued operation (segment), the transaction should be included in the income statement as a gain or loss on disposal, and reported as
a.a prior period adjustment.
b.an amount after continuing operations.
c.other comprehensive income.
d.a bulk sale of plant assets included in income from continuing operations
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Authors: Tony McAdams, Kiren Dosanjh Zucker, Kristofer Neslund, Kari Smoker
12th Edition
1259721884, 978-1259721885
