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In an effort to concentrate its resources in more profitable areas, Southern Steel Corporation recently...

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Accounting

In an effort to concentrate its resources in more profitable areas, Southern Steel Corporation recently sold its family pizza restaurant segment. The disposal constitutes:

A. an extraodinary item. B. a discontinued operation which should be treated as a prior period adjustment. C. a discontinued operation which should be disclosed net-of-tax effects. D. a portion of income from continuing operations. E. None of these.

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