A Loss from Early Extinguishment of Debt, If Material, Should

question 18

Multiple Choice

A loss from early extinguishment of debt, if material, should be reported as a component of income

• A) After cumulative effect of accounting changes and after discontinued operations of a segment of a business
• B) After cumulative effect of accounting changes and before discontinued operations of a segment of a business
• C) Income from continuing operations
• D) Before cumulative effect of accounting changes and before discontinued operation s of a segment of a business

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