Unusual or infrequent items should be reported separately,but not net of income tax,and not as an extraordinary item.

Name: Unusual or infrequent items should be reported separately,but not net of income tax,and not as an extraordinary item.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Unusual or infrequent items should be reported separately on the income statement but should not be net of income tax and should not be reported as an extraordinary item. This is in accordance with Generally Accepted Accounting Principles (GAAP).

Unusual or Infrequent Items Should Be Reported Separately,but Not Net