Which of the Following Statements Regarding Income from Continuing Operations

question 246

Multiple Choice

Which of the following statements regarding income from continuing operations is incorrect?

• A) Income from continuing operations represents the part of the business that should continue from period to period.
• B) Income from continuing operations helps investors make predictions about future earnings.
• C) Income tax expense is subtracted to arrive at income from continuing operations.
• D) A gain on sale of equipment is outside the business's core business and is not part of other income.

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Definitions:

Early Retirements

Programs or options that allow employees to retire before the traditional retirement age, often as an incentive or part of workforce management strategies.

Pre-Retirement Employees

Employees who are nearing the end of their working life or career, often considering or planning for retirement.

Career Plateau

A stage in a career where the likelihood of, or opportunity for, further vertical career progression is very low.

Higher Level

Higher Level typically refers to advanced stages or degrees of complexity, often pertaining to more sophisticated understanding, skills, or positions in a particular domain.