D is corrent. Financial statements of current and prior periods should disclose the results of the operations of the disposed component, less applicable taxes, as a separate component of income. Therefore, the discontinued operations should be reported separately, net of taxes, for both year 2 and year 1 . The computations are
A is incorrect. Financial statements of current and prior periods should disclose the results of the operations of the disposed component, less applicable taxes, as a separate component of income. Therefore, the discontinued operations should be reported separately, net of taxes, for both year 2 and year 1 . The computations are
B is incorrect. Financial statements of current and prior periods should disclose the results of the operations of the disposed component, less applicable taxes, as a separate component of income. Therefore, the discontinued operations should be reported separately, net of taxes, for both year 2 and year 1 . The computations are
B is incorrect. Financial statements of current and prior periods should disclose the results of the operations of the disposed component, less applicable taxes, as a separate component of income. Therefore, the discontinued operations should be reported separately, net of taxes, for both year 2 and year 1 . The computations are
