Which of the following items can be considered as a persistent income statement item for analysis purposes?
A) Effects of a strike
B) Gains and losses on the disposal of a business segment
C) Bad debt expense
D) Write-down or write-offs of receivables

Question

Quizplus · Accepted Answer

Bad debt expense is a persistent (continuing) item. The other three items are all classified as transitory items, as income (loss) and cash flows from such items are not persistent.

Which of the Following Items Can Be Considered as a Persistent