The types of nonrecurring items that must be separately stated on an income statement include:
A)gains or losses on equipment sales.
B)gains or losses on discontinued operations.
C)changes in expenses associated with a tax change.
D)all of the above.

Question

Quizplus · Accepted Answer

Gains or losses on discontinued operations are considered nonrecurring items and must be separately stated on an income statement.

The Types of Nonrecurring Items That Must Be Separately Stated