Handi-Snap Inc. has decided to discontinue operations of a component unit. The loss on disposal should:
A. Be an operating item.
B. Exclude operating losses during the period.
C. Be reported in other comprehensive income.
D. Include operating losses of the current period.
Answer:D
Handi-Snap Inc. has decided to discontinue operations of a component unit. The loss on disposal should:
A. Be an operating item. B. Exclude operating losses during the period. C. Be reported in other comprehensive income. D. Include operating losses of the current period.