Which of the following is a required disclosure in the income statement when reporting the...
60.1K
Verified Solution
Link Copied!
Question
Accounting
Which of the following is a required disclosure in the income statement when reporting the disposal of a component of the business? The gain or loss on disposal should not be segregated but should be reported together with the results of continuing operations. Earnings per share from continuing operations, discontinued operations, and net income should be disclosed on the face of the income statement. The gain or loss on disposal should be reported as an unusual gain or loss. Results of operations of a discontinued component should be disclosed immediately before income from continuing operations.
Which of the following is a required disclosure in the income statement when reporting the disposal of a component of the business?
The gain or loss on disposal should not be segregated but should be reported together with the results of continuing operations.
Earnings per share from continuing operations, discontinued operations, and net income should be disclosed on the face of the income statement.
The gain or loss on disposal should be reported as an unusual gain or loss.
Results of operations of a discontinued component should be disclosed immediately before income from continuing operations.
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.