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Intermediate Accounting: Reporting...

3rd Edition
James M. Wahlen + 2 others
ISBN: 9781337788281

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BuyFindarrow_forward

Intermediate Accounting: Reporting...

3rd Edition
James M. Wahlen + 2 others
ISBN: 9781337788281
Textbook Problem
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What items are included in a company's results from discontinued operations? For this purpose, how is a component defined?

To determine

List the items that are included in the discontinued operations of a company’s income statement. Explain the manner component is defined for this purpose. 

Explanation

Discontinued operations: Discontinued operations refer to the disposal or sale of a significant element of the company’s operation.

List the items that are included in the discontinued operations of a company’s income statement:

  • Incomes or losses from the discounting operations...

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