Which of the Following Amounts Would Be Presented Separately from the Results

question 43

Multiple Choice

Which of the following amounts would be presented separately from the results of continuing operations in the income statement?

• A) The loss from writing down obsolete inventory
• B) A gain on the sale of land
• C) The loss incurred due to a flood
• D) The loss from a plant closure

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Definitions:

Insurance Company

A business entity that provides coverage, compensating policyholders for losses in exchange for premiums, in various domains such as health, life, and property.

Medical Bill

A statement detailing charges for medical services rendered, issued to the patient or their insurer.

Cadaver

A dead human body used for medical research, education, or forensic purposes.

Negative Consequences

Unfavorable or adverse outcomes resulting from a specific event or condition.