A loss due to a discontinued operation should be reported on the income statement

A) above income from continuing operations
B) without related tax effect
C) below income from continuing operations
D) as an operating expense

Discontinued Operation

A business segment that has been sold, abandoned, or otherwise discontinued, and is reported separately in financial statements.

Income Statement

A financial statement detailing a company's revenues, expenses, and profits over a specific period, often quarterly or annually.

Operating Expense

This refers to the costs associated with running a business's day-to-day operations, excluding costs linked to production.