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Business, 26.07.2019 05:20 meaghan18

On april 30, 20x4, deer corp. approved a plan to dispose of a segment of its business for the period january 1 through april 30, 20x4, the segment had revenues of $500,000 and expenses of $800,000, the assets of the segment were sold on october 15, 20x4, at a loss for which no tax benefit is available in its income statement for the year ended december 31, 20x4, how should deer report the segment’s operations from january 1 to april 30, 20x4?
a. $500,000 and $800,000 should be included with revenues and expenses, respectively, as part of continuing operations
b. $300,000 should be reported as part of the loss on disposal of a segment.
c. $300,000 should be reported as a loss in other comprehensive income (oci).
d. $300,000 should be reported as a loss from operations of a discontinued segment.

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