7.5 Overview of Disclosures About Discontinued Operations
ASC 205-20
05-2
The required disclosures about discontinued operations vary
depending on the nature of the discontinued operation. For
example, if a discontinued operation includes a component or
group of components of an entity that is not an equity
method investment, a more comprehensive set of disclosures
about the discontinued operation is required. If the
discontinued operation includes an equity method investment,
or a business or nonprofit activity that is classified as
held for sale on acquisition, a more limited set of
disclosures is required (see the flowchart in paragraph
205-20-55-82 for an illustration).
Under ASC 205-20, certain disclosures are required for all disposals that qualify as
a discontinued operation; however, the disclosure requirements for disposals of an
equity method investment or a business or nonprofit activity classified as held for
sale on acquisition are more limited.
See Section 7.11 for a flowchart that provides an overview of
the disclosures required for discontinued operations.