Nonrecurring Items Such as a Loss from Discontinued Operations Is

question 90

Multiple Choice

Nonrecurring items such as a loss from discontinued operations is reported on the income statement:

• A)net of income tax.
• B)before income tax expense.
• C)below the net income line.
• D)Nonrecurring items are not subject to income taxes;therefore,they are not reported on the income statement.