[Solved] How Should the Gain or Loss That Is Considered Infrequent

Question 62
Multiple Choice

How should the gain or loss that is considered infrequent be disclosed?

A) separately in the income statement immediately after income from continuing operations
B) on a net-of-tax basis in the income statement immediately after income from continuing operations
C) as an contingency item in the footnotes
D) separately in the income statement as a component of income from continuing operations

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