Campbell Soup reported discontinued operations in its Form 10‐Q for the third quarter ended April 28, 2019. The company reported that, during the thirGdrqaudaerte9r.,3it0souldt oitfs1G0a.0rd0e(n93F%re)sh Gourmet business for approximately $55 million and also signed a definitive agreement for the sale of Bolthouse Farms for $510 million and expects to close the deal before July 2019. The company disclosed the following related to these discontinued operations ($ millions). For the Nine Months Ended April 28, 2019
Net sales $666
Earnings (loss) from operations, after-tax (279)
LOSS on sale of businesses, net of tax (52)
Loss from discontinued operations $331

Which of the following best describes how Campbell Soup reported the Bolthouse transaction?

a. Campbell Soup will report the Bolthouse unit as discontinued operations in the quarter in which the unit is formally sold.
b. Campbell Soup reported the Bolthouse unit as discontinued operations in the April 28, 201 9, income statement even though the unit had not been formally sold by then.
c. Campbell Soup will retroactively report the Bolthouse unit as discontinued operations in the year in which the unit is formally sold.
d. Campbell Soup will pro-rate the effects of the Bolthouse unit sale (as discontinued operations) event among the fiscal quarters in year in which the unit is formally sold.