Gains, but not losses, from discontinued operations must be separately reported in an income statement.
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Q4: A change in accounting principle that is
Q5: Interest expense typically is considered a temporary
Q6: The single-step format of the income statement
Q7: Earnings quality refers to the ability of
Q8: Income from continuing operations consists only of
Q10: The multiple-step format of the income statement
Q11: Intraperiod tax allocation is the process of
Q12: The single-step format of the income statement
Q13: Material errors in prior periods' income statements
Q14: Income from continuing operations sometimes includes gains
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