Income from continuing operations includes ________.
A)extraordinary losses but not extraordinary gains
B)gains and losses from discontinued operations
C)the taking of company assets by a foreign government
D)losses due to labor strikes

Question

Quizplus · Accepted Answer

Income from continuing operations refers to the money a company earns from its main operations. Therefore, losses due to labor strikes are included in the income from continuing operations. Extraordinary gains and losses, gains and losses from discontinued operations, and the taking of company assets by a foreign government are not a part of the income from continuing operations.

Income from Continuing Operations Includes ________