Opinion No. 30 was later amended by SFAS No. 144, “Accounting for the Impairment or Disposal of Long-Lived Assets” (see FASB ASC 360). To qualify for treatment as a discontinued operation, an item must meet several criteria. First, the unit being discontinued must be considered a “component” of the business. The definition of component is based on the notion of distinguishable operations and cash flows. Specifically, FASB ASC 205-10-20 defines a component of an entity as comprising operations and cash flows that can be clearly distinguished, operationally and for financial reporting purposes, from the rest of the entity.