Acme,Inchas Been Profitable Since Its First Day of Operations,until the Recent

Multiple Choice

Acme,Inc.has been profitable since its first day of operations,until the recent economic downturn.This year,for the first time in fifty years,Acme has expenses that are greater than its revenues.This loss should be reported on Acme's income statement as ________.

A) an operating loss
B) an extraordinary loss
C) a loss from discontinued operations
D) a non-recurring loss