Which of the following is not a component of income from operations?

Question

Quizplus · Accepted Answer

Extraordinary losses are not included in income from operations. Income from operations is calculated by subtracting all costs and expenses (including write-downs and restructuring costs) from revenue. Extraordinary losses are events that are rare and unusual in nature, such as natural disasters or unexpected lawsuits, and are reported separately on the income statement.

Which of the Following Is Not a Component of Income