Question:What is the proper financial reporting treatment for a discontinued operation? 

A Just include a statement that the firm is going to discontinue an operation, but leave the accounting combined. 
B Create an entirely separate entity for the discontinued operation if it is not already there, and put it into bankruptcy. 
C Report it separately on the balance sheet and income statement. 
D Expense all of the assets of the discontinued operation in the current period. 

+ Answer
B 

+ Explanation
Answer not sure

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Md. Habib Ullah

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