GAAP deal with, among other issues, defining a ''component'' and reporting the results of discontinued operations on

Question:

deal with, among other issues, defining a ''component'' and reporting the results of discontinued operations on a company's income statement.
Required:
Identify the elements of a company's results of discontinued operations section of its income statement. Define a component and explain how the elements of the section are computed if the company sells a component in the same accounting period that its management decided to sell the component.
GAAP
Generally Accepted Accounting Principles (GAAP) is the accounting standard adopted by the U.S. Securities and Exchange Commission (SEC). While the SEC previously stated that it intends to move from U.S. GAAP to the International Financial Reporting Standards (IFRS), the...