Linus Paper Company decided to close two small pulpmills in Conway, New Hampshire, and Corvallis, Oregon.These two closings do not represent a major shift instrategy for the company. Would these closings bereported in a separate section entitled “Discontinuedoperations after income from continuing operations”?Discuss.

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter16: Retained Earnings And Earnings Per Share
Section: Chapter Questions
Problem 23GI
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Linus Paper Company decided to close two small pulp
mills in Conway, New Hampshire, and Corvallis, Oregon.
These two closings do not represent a major shift in
strategy for the company. Would these closings be
reported in a separate section entitled “Discontinued
operations after income from continuing operations”?
Discuss.

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