Gains and Losses That Are Neither Unusual nor Infrequent Are

question 126

Multiple Choice

Gains and losses that are neither unusual nor infrequent are reported as:

• A)A separate line item when computing earnings per share.
• B)A prior period adjustment on the statement of retained earnings.
• C)A gain or loss from disposing of the discontinued segment's net assets.
• D)A gain or loss from operation of a discontinued segment.
• E)Part of continuing operations.

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Definitions:

Articles Or Bylaws

Official documents that outline the structure, purpose, and rules governing the operation of a corporation or organization.

Odd Number

An integer which is not divisible by two, exhibiting a remainder of one when divided by two.

Policymaking Decisions

Choices and judgments made by governing bodies or officials regarding the establishment of rules, laws, or regulations intended to manage public affairs.

Corporate Affairs

Activities related to the operation and management of a corporation, including its legal, financial, and communications strategies.