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Business, 20.11.2019 05:31 andrewmena05

When a company discontinues an operation and disposes of the discontinued operation (component), the transaction should be included in the income statement as a gain or loss on disposal reported as:
1. an amount after continuing operations.
2. a bulk sale of plant assets included in income from continuing operations.
3. a prior period adjustment.
4. an extraordinary item.

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When a company discontinues an operation and disposes of the discontinued operation (component), the...
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