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:

Habituation

A simple form of learning in which an organism stops responding to a stimulus after repeated exposure, not involving any reward or punishment.

Gene Pool

The complete set of unique alleles in a population or species, representing its genetic diversity.

Organisms

Living entities that can carry out life processes independently, including plants, animals, fungi, bacteria, and archaea.

Uniform Dispersion

A distribution pattern within a population where each individual is evenly spaced throughout their habitat.