Which of the Following Items Would Be Reported Net of Tax

question 128

Multiple Choice

Which of the following items would be reported net of tax on the face of the income statement?

• A) Prior period adjustment
• B) Unusual gain
• C) Change in realizability of receivables
• D) Discontinued operations

---

Definitions:

Stability And Change

The concept in psychology and other fields that examines the dynamic balance between maintaining consistency and undergoing transformation.

Terminal Illness

A disease or condition that is expected to lead to death because it is incurable.

Social Attitudes

The prevailing or common feelings, beliefs, and behavioral tendencies directed towards socially significant objects, groups, or symbols.

Temperament

An individual's innate disposition or behavioral style and characteristic emotional responses.