The FASB requires that ________ and ________ need to be separated from the regular earnings of a business.
A) other revenues and expenses; extraordinary items
B) discontinued operations; other revenues and expenses
C) extraordinary items; discontinued operations
D) extraordinary items; changes in accounting principle
Correct Answer:
Verified
Q2: When a company disposes of a segment
Q3: The financial statements used to analyze
Q4: Which of the following items affects total
Q5: Items that are both unusual in nature
Q6: Team Shirts sold its surfboard operations for
Q7: When a company disposes of a segment
Q8: A tornado in New York City caused
Q9: A gain or loss from discontinued operations
Q10: Lee's Lions had to shut down its
Q11: Extraordinary items need to be treated separately
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