Question $1($Mandatory$)(2$ points$)$

A company has decided to discontinue a component of its business and sells the

component by the end of the year. The amount that the company would report as

income from discontinued operations is $($ignore tax effects$)$:

only income from operations for the year.

the component's assets.

income from operations for the year and only a loss on the disposal of the

component's assets.

only the gain or loss on the disposal of the component's assets.