How Should the Gain or Loss That Is Considered Infrequent

question 6

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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Definitions:

Retina

The retina is a thin layer of tissue located at the back of the eye, responsible for receiving light and converting it into neural signals that the brain interprets as visual images.

Depth Perception

The ability to perceive the world in three dimensions and to judge the distance of objects.

Binocular Cue

A visual information cue that requires both eyes to provide depth perception or distance information.

Disparity

A great difference or inequality between things or people.