Answer:
The reported should be shown below:
Results of continuing operations = 0
Discontinued operations = $400,000 loss
Hence, the correct option is d. 0,400,0000 loss
Explanation:
Since in the given question, the value of realized gain is $2,400,000 and operating losses is $2,800,000. So , by considering these value first we have to find out the profit or gain by subtracting this amount with each other.
In mathematically,
= Realized gain - Operating losses
= $2,400,000 - $2,800,000
= -$400,000
Since, the realized gain is smaller than operating losses, the Lopez corporation has a loss of $400,000
The Lopez corporation has disposed of the Pine Division, so this loss would come under the discontinued operations.
So,
The reported should be shown below:
Results of continuing operations = 0
Discontinued operations = $400,000 loss
Hence, the correct option is d. 0,400,0000 loss
