Discontinued Operations in Accounting, defined and explained 

Those are investments.

If I’m not mistaken, reporting loss from discontinued operations wouldn’t be an tax expense but most likely a tax benefit

@@ashleyjohnson5283 But how can we treat it as tax benefits if we can't carryforward losses of operations from discontinued business?

Everything else is continued operations. Discontinued operations is just an irregular item. ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-LvFU3CIlayQ.htmlsi=Iji31CZoCwUaLr92

Income from continued operations is your income after taxes that is reported just before discontinued operations.

😀

I’m sure this is a bit late now but you’d record the income/loss for the year/reporting period + hypothetical gain or loss of the book value of the discontinued assets minus their fair value (net of estimated selling costs related to selling those assets)

@@theanabolicitalian2285 Oh, alright! Thank you! I learned a bit about it but we did not cover it extensively in depth so this adds to my understanding. Thank you!

@@theanabolicitalian2285 If the company sells it they just record the gain or loss for the year/ reporting period and the remeasurement?

@@Dino-in5sg if it sells in the period then you would probably record the gain/loss on the sale and make an adjustment if an impairment was originally recorded earlier. I’m not sure however so hopefully someone can clarify that for me.