Gains and losses that are neither unusual nor infrequent are reported as:
A) A prior period adjustment on the statement of retained earnings.
B) A gain or loss from disposing of the discontinued segment's net assets.
C) Part of continuing operations in before tax dollars.
D) A gain or loss from operation of a discontinued segment.
E) Part of continuing operations in after-tax dollars.

Question

Quizplus · Accepted Answer

Gains and losses that are neither unusual nor infrequent are reported as part of continuing operations in before tax dollars, as they are considered part of the normal business activities.

Gains and Losses That Are Neither Unusual nor Infrequent Are