Which One of the Following Types of Losses Is Excluded

Multiple Choice

Which one of the following types of losses is excluded from the determination of net income in income statements?

A) Material losses resulting from transactions in the company's investments account.
B) Material losses resulting from unusual sales of assets not acquired for resale.
C) Material losses resulting from the write-off of intangibles.
D) Material losses resulting from correction of errors related to prior periods.