Which of the following is a recurring item?
A)Equity in earnings of nonconsolidated subsidiaries
B)Error of a prior period
C)Discontinued operations
D)Extraordinary gain
E)Cumulative effect of change in accounting principle

Question

Quizplus · Accepted Answer

Equity in earnings of nonconsolidated subsidiaries is a recurring item that reflects the company's portion of income or loss generated by its investments in other companies, and it is included in the income statement on a regular basis.

Which of the Following Is a Recurring Item