Question

Revenues, expenses, gains, losses, and income tax related to a(n) must be removed from continuing operations and reported separately on the income statement. (

Answer 1

Revenues, expenses, gains, losses, and income tax related to "disconnected operation" must be removed from continuing operations and reported separately on the income statement.

What is disconnected operation?

In the event that a shared data repository has brief outages, disconnected operation allows a client to keep using it to obtain vital information.

The examples of disconnected operations are-

• closure of a poorly performing section.
• merger-related redundancies
• a product line's sale
• discontinuing services that are no longer needed.

Some key features of disconnected operations are-

• Parts of a company's operations that have been sold off or discontinued are referred to as discontinued operations in accounting.
• They are listed separately from continuing operations on the income statement.
• Understanding which assets are being sold off when companies merge might help to clarify how a company will generate revenue in the future.

To know more about the income statement, here

brainly.com/question/15169974

#SPJ4