Current Attempt in Progress When a company discontinues an operation and disposes of the discontinued operation (component), the transaction should be included in the income statement as a gain or loss on disposal reported as O a bulk sale of plant assets included in income from continuing operations. O a prior period adjustment. O an amount after continuing operations. O other revenue or expense.

When a company discontinues an operation and disposes of the discontinued operation (component), the transaction should be included in the income statement as a gain or loss on disposal reported as a bulk sale of plant assets included in income from continuing operations: a prior period adjustment. an amount after continuing operations. other revenue or expense