Which of the Following Items Would Be Reported Net of Tax

question 16

Multiple Choice

Which of the following items would be reported net of tax on the face of the income statement?

• A) Discontinued operations
• B) Unusual gain
• C) Change in collectability of receivables
• D) Prior period adjustment

---

Definitions:

Methadone

A synthetic opioid used medically as a pain reliever and as part of drug addiction detoxification and maintenance programs.

Marijuana

A psychoactive drug derived from the Cannabis plant, used for recreational or medical purposes.

Young Adolescents

Refers to individuals typically aged between 10 and 14 years, marking a phase of rapid physical, cognitive, and emotional changes.

High Blood Pressure

A condition in which the force of the blood against the artery walls is too high, often leading to health problems like heart disease.