Firms that use early debt retirement on a recurring basis as part of their ongoing risk management practices will report the associated gains and losses as part of income from continuing operations with separate line-item disclosure.

Question

Quizplus · Accepted Answer

This statement is true, as per accounting standards, gains and losses from early debt retirement are reported as part of income from continuing operations with separate line-item disclosure.

Firms That Use Early Debt Retirement on a Recurring Basis