Non-recurring items that are unusual and infrequent and the results of discontinued operations are shown in the income statement net of any related income tax effects.

Question

Quizplus · Accepted Answer

Non-recurring items and results of discontinued operations are net of any related income tax effects and are shown separately in the income statement to give users a better understanding of the company's ongoing operating performance.

Non-Recurring Items That Are Unusual and Infrequent and the Results