Discontinued operations and extraordinary items are reported on the income statement as a component of income from continuing operations.

Name: Discontinued operations and extraordinary items are reported on the income statement as a component of income from continuing operations.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Discontinued operations and extraordinary items are reported separately on the income statement and are not included in income from continuing operations.

Discontinued Operations and Extraordinary Items Are Reported on the Income