A Transaction That Is Material in Amount, Unusual in Nature

Multiple Choice

A transaction that is material in amount, unusual in nature, but not infrequent in occurrence should be presented separately as a (an)

A) Component of income from continuing operations, but not net of applicable income taxes
B) Component of income from continuing operations, net of applicable income taxes
C) Extraordinary item, net of applicable income taxes
D) Prior period adjustment, but not net of applicable income taxes