Doogle Corporation sold a segment of its operations in 2017 and suffered an loss in 2018 that was both unusual and infrequent.Which of the following would be the most useful in attempting to predict Doogle's performance for 2019?

Question

Quizplus · Accepted Answer

Income from continuing operations would exclude the loss from the discontinued segment and provide a better indication of the company's ongoing performance. Net income includes the loss from the discontinued segment and may not be a good predictor of future performance. Total assets and retained earnings do not provide information specific to Doogle's operations or profitability.

Doogle Corporation Sold a Segment of Its Operations in 2017