Those unusual items reported as deductions from income from continuing operations should be listed net of the related income tax.

Question

Quizplus · Accepted Answer

Unusual items reported as deductions from income from continuing operations should be listed net of the related income tax, as stated in generally accepted accounting principles (GAAP). This means that the tax effects of these items should be reflected in the net amount reported on the income statement.

Those Unusual Items Reported as Deductions from Income from Continuing