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Gains and Losses That Are Neither Unusual nor Infrequent Are

Question 126

Multiple Choice

Gains and losses that are neither unusual nor infrequent are reported as:


A) A separate line item when computing earnings per share.
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.

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