33-7 Multiple choice (IFRS) Which criterion not have operation to to be met in order for an be classified as discontinued? The operation shall represent a separate major line of a. business or geographical area. b. The operation is part of a single plan to dispose of a separate major line of business or geographical area. c. The operation is a subsidiary acquired exclusively with a view to resale. d. The operation must be sold within three months after the end of reporting period. What is the presentation of the results from discontinued operation in the income statement? a. Single amount below income from continuing operations b. Single amount below gross income c. Broken down into each category of revenue and expense d. Presented in the notes 1. Assets of discontinued operation are measured at a. Lower between fair value less cost of disposal and carrying amount b. Fair value less cost of disposal c. Net realizable value d. Higher between fair value less cost of disposal and carrying amount 4. Which is not required for a discontinued operation? a. Management must have entered into a sale agreement. b. The component is available for immediate sale. c. The sale