Accounting Standards for Private Enterprises (ASPE_require gains and losses on early retirement of debt that are both abnormal in size and unusual be reported separately on the income statement before line items for income tax and discontinued operations.

Question

Quizplus · Accepted Answer

ASPE requires that gains and losses on early retirement of debt that are both abnormal in size and unusual be reported separately on the income statement before line items for income tax and discontinued operations.

Accounting Standards for Private Enterprises (ASPE_require Gains and Losses on Early