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Gains and Losses That Are Normal and Frequent Are Reported

Question 105

Multiple Choice

Gains and losses that are normal and frequent are reported as:


A) Part of continuing operations in after-tax dollars.
B) A prior period adjustment on the statement of retained earnings.
C) A gain or loss from disposing of the discontinued segment's net assets.
D) A gain or loss from operation of a discontinued segment.
E) Part of continuing operations in before tax dollars.

Correct Answer:

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