Income or loss from discontinued operations would best be regarded by an analyst as:
A) sustainable earnings.
B) impairments.
C) transitory earnings.
D) permanent earnings.

Question

Quizplus · Accepted Answer

Income or loss from discontinued operations is not expected to occur in the future and therefore cannot be regarded as sustainable earnings. It is also not impairments because impairments are related to a decrease in the value of an asset. The income or loss from discontinued operations is a one-time event and is therefore transitory in nature, not permanent.

Income or Loss from Discontinued Operations Would Best Be Regarded