The discontinued operations section of the income statement refers to a. the disposal of a significant component of a business. b. discontinuance of a product line. c. the income or loss on products that have been completed and sold. d. obsolete equipment and discontinued inventory items.

A manufacturing plant use for manufacturing a discontinued product is classified on the balance sheet as... Group of answer choices Inventory Other Assets Long-Term Investment Property, Plant, and Equipment

Which of the following items would not appear in the operating section of the multiple−stepincome statement of a​ retailer?   A. The cost of goods sold during the period   B. Sales of products   C. Depreciation expense related to store equipment such as cash registers and store fixtures   D. The gain or loss on the disposal of store equipment used in operations