Câu 77: CPA Test: Certified Public Accountant Test: Auditing and Attestation, Business Environment and Concepts, Financial Accounting and Reporting, Regulation

In April 30, 20X4, Deer Corp. approved a plan to dispose of a component of its business. For the period January 1 through April 30, 20X4, the component had revenues of $500,000 and expenses of $800,000. The assets of the component were sold on October 15, 20X4 at a loss. In its income statement for the year ended December 31, 20X4, how should Deer report the component's operations from January 1 to April 30, 20X4?

1. A. $500,000 and $800,000 should be included with revenues and expenses, respectively, as part of continuing operations.
2. B. $300,000 should be reported as part of the loss on disposal of a component and included as part of continuing operations.
3. C. $300,000 should be reported as an extraordinary loss.
4. D. $300,000 should be reported as a loss from operations of a component and included in loss from discontinued operations. — đáp án hiện tại