Accounting Information Might Be Separately Reported in Any of the Following

question 28

Essay

Accounting information might be separately reported in any of the following components of the income statement or statement of retained earnings and their supporting schedules and footnotes:
a. income from continuing operations or supporting schedules
b. extraordinary gains or losses
c. footnote disclosure
d. statement of retrined earnings
e. results from discontinued operations

Several items of accounting information are listed below.
Required:
By placing the letters (a-e)in the space provided above, identify where the information would be most appropriately reported.If the information would not appear in any of the above components, place an (X)in the space.Items may be reported in more than one location.

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Definitions:

Nuclear Family

A social unit composed typically of two parents and their children, living together as a family.

Full-Time

Employment in which a person works a minimum number of hours defined as such by their employer, typically for five days a week.

Extended Family

A family that extends beyond the nuclear family, including grandparents, aunts, uncles, and other relatives, who all live nearby or in one household.

Immigrated

The action of moving to a new country or region with the intention of settling and living there permanently.