On the income statement, how should the transaction be reported when a company discontinues an operation and disposes of the

discontinued operation $($component$)?$

As a disclosure on the face of the income statement showing earnings per share from continuing operations, discontinued

operations, and net income

As a discontinued component disclosed immediately before income from continuing operations

As a gain or loss on disposal reported as an unusual gain or loss

As a gain or loss that is reported together with the results of continuing operations, rather than segregated