Question

Discontinued operations are presented in income statement in what two parts?

Answer 1

Discontinued operations are presented in the income statement in two parts: the income/loss from operations of the discontinued segment and the gain/loss on disposal or classification.

Step-by-step explanation:

Discontinued operations are presented in the income statement in two parts: 1) the income or loss from operations of the discontinued segment up to the date of disposal or classification as held for sale, and 2) the gain or loss on disposal or classification as held for sale of the discontinued segment.