What is a good summary about the information below? Read the information below and give a response.

Continuing operations represent all business operations except discontinued elements. Discontinued operations happen when a company eliminates the report of a component of a business and when the elimination of the component represents a considerable effect on the company. Companies eliminate a component when it is suffering significant losses. For example, a brand company has different product lines and one of them is not doing well at all. The company should consider doing a strategic shift and eliminate the product line that is suffering losses. This should be reported as a discontinued operation because it represents a mainline on the business and represents a major operation of the company. The disposal of a component of the business should be disclosed in the income statement on a different category. It does not matter if is a loss or a gain, disclosing discontinued operations needs to be labeled in a different category.