Question

Results from discontinued operations, Income (loss) from operations of discontinued components (net of income taxes), Gain (loss) from disposals of discontinued components (net of income taxes)

Answer 1

Results from discontinued operations refer to the financial outcomes of sold or discontinued segments. It includes income (loss) from operations and gain (loss) from disposals of discontinued components.

Step-by-step explanation:

Results from discontinued operations refers to the financial outcomes related to segments of a business that have been either sold or discontinued. It includes several components:

1. Income (loss) from operations of discontinued components: This represents the net income or loss generated by the operations of the discontinued segment during a specific period, after deducting applicable taxes.
2. Gain (loss) from disposals of discontinued components: It reflects the profit or loss obtained from the sale or disposal of the discontinued segment, after considering tax implications.

These figures are typically reported separately in a company's financial statements to provide transparency and allow stakeholders to evaluate the financial impact of discontinued operations.