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    Ghc318 Posts: 13, Reputation: 1
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    #1

    Feb 22, 2010, 05:46 PM
    Discontinued operations measurement date confusion
    If an operation is discontinued in the current year (2007), but the measurement date is September 1, 2007; are amounts from 1/1/07-8/30/07 included under the discontinued operations portion of the income statement along with the amounts from 9/1/07-12/31/07 or is there some other way of recording it?
    Ghc318's Avatar
    Ghc318 Posts: 13, Reputation: 1
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    #2

    Feb 22, 2010, 08:19 PM

    All operating gains or losses of the segment for the entire year (even if the measurement date is during the year) belong in discontinued operations section
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