Question：Which of the following statements are true about the accounts of a group that has demerged a subsidiary during the year?

　　A. The results of the demerged subsidiary should be excluded from the group's income statement.

　　B. The statement of financial position of the demerged subsidiary should still be consolidated at the year end.

　　C. The demerged subsidiary's results should be disclosed as discontinued operations.

　　D. The statement of financial position of the demerged subsidiary should not be consolidated at the year end.

　　E. The results of the demerged subsidiary should be included in the group's income statement up to the demerger date.

　　The correct answers are: The statement of financial position of the demerged subsidiary should not be consolidated at the year end; The results of the demerged subsidiary should be included in the group's income statement up to the demerger date; The demerged subsidiary's results should be disclosed as discontinued operations.

　　The demerged subsidiary has left the group therefore its statement of financial position should not be consolidated at the year end.

　　Its results should be included in the group's income statement up to the demerger date as discontinued operations.