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when a component of a business has been discontinued during the year, the gain or loss on the sale of this component should be included
when a component of a business has been discontinued during the year, the gain or loss on the sale of this component should be included in the 1income statement as part of operating income 2 income statement below income from continuing operations, net of tax 3 income statement as part of the disposal from continuing operations 4 statement of the owners equity as a direct increase in retained earnings
1income statement as part of operating income
2 income statement below income from continuing operations, net of tax
3 income statement as part of the disposal from continuing operations
4 statement of the owners equity as a direct increase in retained earnings
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