Firms almost always report asset impairment charges or restructuring charges in _____.
A)income from continuing operations
B)income, gains, and losses from discontinued operations
C)extraordinary gains and losses
D)retained earnings
E)paid-in-capital

Question

Quizplus · Accepted Answer

Asset impairment charges and restructuring charges are typically reported as part of income from continuing operations, which reflects the ongoing operating activities of the company.

Firms Almost Always Report Asset Impairment Charges or Restructuring Charges