Which of the following statements is true about a discontinued operation?

Group of answer choices

To be recognized, the operation must be disposed of by the end of the year that it is reported.

The operations and cash flows of the component have been eliminated or will be within two years..

If the operation is not sold or disposed of by the end of the year, the assets and liabilities cannot be reported on the balance sheet..

The company that disposed of the operation is not permitted to have any significant continuing involvement in the operation.

None of these answers are true.