Discontinuing a particular business segment is a non-recurring event,so this item should be reported separately on the income statement.

Question

Quizplus · Accepted Answer

Discontinuing a business segment is considered an unusual or non-recurring event, and should be reported separately on the income statement in order to provide investors and stakeholders with a clear picture of the company's financial performance going forward. This allows for better decision-making and analysis of the company's financial health.

Discontinuing a Particular Business Segment Is a Non-Recurring Event,so This