A loss from the disposal of a significant component of a business should be reported separately...

A loss from the disposal of a significant component of a business should be reported separately in the income statement: after income from continuing operations. before income from continuing operations. after other comprehensive income. before income before income taxes.

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Solution:

A loss from the disposal of a significant component of a business should be reported separately in the income statement after income from continuing operations because that will be part of income/loss from discontinuing operations.

Correct answer is option 1.

ekkarill92 answered 2 years ago

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