Which of the following is a recurring item?
A) equity in earnings of nonconsolidated subsidiaries
B) error of a prior period
C) discontinued operations
D) extraordinary gain
E) cumulative effect of change in accounting principle

Question

Quizplus · Accepted Answer

Equity in earnings of nonconsolidated subsidiaries is a recurring item as it represents the investor's share of the earnings of an investee, which is typically reported regularly in the investor's financial statements.

Which of the Following Is a Recurring Item