Which of the following items on the income statement is not disclosed net of tax?
A)Unusual or infrequent item disclosed separately
B)Discontinued operations
C)Extraordinary loss
D)Cumulative effect of change in accounting principle
E)Unusual or infrequent item disclosed separately and discontinued operations are both not disclosed net of tax

Question

Quizplus · Accepted Answer

Unusual or infrequent items are typically reported before tax effects on the income statement, unlike discontinued operations, extraordinary items, and cumulative effects of changes in accounting principles, which are shown net of tax.

Which of the Following Items on the Income Statement Is