Income taxes are allocated to
A)correction of errors reported in prior periods.
B)discontinued operations.
C)irregular items.
D)all of these.

Name: Income taxes are allocated to A)correction of errors reported in prior periods. B)discontinued operations. C)irregular items. D)all of these.
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Question

Quizplus · Accepted Answer

Income taxes are allocated to all of these items because they are all considered to be unusual or infrequent events that should be reported separately from normal operating activities.

Income Taxes Are Allocated to