The principal benefit of separately reporting discontinued operations and extraordinary items is to enhance:
A)Predictive ability.
B)Consistency in reporting.
C)Intraperiod continuity.
D)Comprehensive reporting.

Question

Quizplus · Accepted Answer

Separately reporting discontinued operations and extraordinary items enhances predictive ability by allowing users to better assess the ongoing performance of a company without the effects of these non-recurring items.

The Principal Benefit of Separately Reporting Discontinued Operations and Extraordinary