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Gains and Losses That Are Neither Unusual nor Infrequent Are

Question 24

Multiple Choice

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


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

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