The nonoperating items that appear on the income statement include
A) discontinued operations.
B) gains or losses on the sale or disposal of these segments.
C) both discontinued operations and gains or losses on the sale or disposal of these segments.
D) neither discontinued operations nor gains or losses on the sale or disposal of these segments.

Question

Quizplus · Accepted Answer

Nonoperating items that appear on the income statement include both discontinued operations and gains or losses on the sale or disposal of these segments. Discontinued operations refer to the sale or disposal of a significant segment of a business. The gains or losses on the sale or disposal of these segments are also considered nonoperating items as they are not part of the company's core operations.

The Nonoperating Items That Appear on the Income Statement Include