Income taxes are allocated to
A)extraordinary items.
B)discontinued operations.
C)prior period adjustments.
D)all of these.

Name: Income taxes are allocated to A)extraordinary items. B)discontinued operations. C)prior period adjustments. D)all of these.
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Question

Quizplus · Accepted Answer

Income taxes may be allocated to any of the items listed (extraordinary items, discontinued operations, or prior period adjustments) depending on the circumstances. Therefore, the best answer is D, as it includes all of the possible choices.

Income Taxes Are Allocated to