A loss should be reported separately as a net-of-tax component of net income when it is which of the following?
Unusual In Nature &nbsp&nbsp&nbspIn frequentin Occurrence
A) No &nbsp&nbsp&nbsp &nbsp&nbsp&nbsp &nbsp&nbsp&nbsp &nbsp&nbsp&nbsp &nbsp&nbsp&nbsp &nbsp&nbsp&nbsp &nbsp&nbsp Yes
B) No &nbsp&nbsp&nbsp &nbsp&nbsp&nbsp &nbsp&nbsp&nbsp &nbsp&nbsp&nbsp &nbsp&nbsp&nbsp &nbsp&nbsp&nbsp &nbsp&nbsp No
C) Yes &nbsp&nbsp&nbsp &nbsp&nbsp&nbsp &nbsp&nbsp&nbsp &nbsp&nbsp&nbsp &nbsp&nbsp&nbsp &nbsp&nbsp&nbsp &nbsp&nbsp No
D) Yes &nbsp&nbsp&nbsp &nbsp&nbsp&nbsp &nbsp&nbsp&nbsp &nbsp&nbsp&nbsp &nbsp&nbsp&nbsp &nbsp&nbsp&nbsp &nbsp&nbsp Yes

Question

A loss should be reported separately as a net-of-tax component of net income when it is which of the following?
 Unusual  In Nature  &nbsp&nbsp&nbspIn frequentin Occurrence
A) No &nbsp&nbsp&nbsp &nbsp&nbsp&nbsp &nbsp&nbsp&nbsp &nbsp&nbsp&nbsp &nbsp&nbsp&nbsp &nbsp&nbsp&nbsp &nbsp&nbsp Yes
B) No &nbsp&nbsp&nbsp &nbsp&nbsp&nbsp &nbsp&nbsp&nbsp &nbsp&nbsp&nbsp &nbsp&nbsp&nbsp &nbsp&nbsp&nbsp &nbsp&nbsp No
C) Yes &nbsp&nbsp&nbsp &nbsp&nbsp&nbsp &nbsp&nbsp&nbsp &nbsp&nbsp&nbsp &nbsp&nbsp&nbsp &nbsp&nbsp&nbsp &nbsp&nbsp No
D) Yes &nbsp&nbsp&nbsp &nbsp&nbsp&nbsp &nbsp&nbsp&nbsp &nbsp&nbsp&nbsp &nbsp&nbsp&nbsp &nbsp&nbsp&nbsp &nbsp&nbsp Yes

Quizplus · Accepted Answer

Losses are reported separately as net-of-tax components of net income only when they are both unusual in nature and infrequent in occurrence.

A Loss Should Be Reported Separately as a Net-Of-Tax Component