USGAAP and IFRS Require Separate Income Statement Display of Income

Multiple Choice

U.S.GAAP and IFRS require separate income statement display of income from continuing operations and _____earnings that will not continue because the firm either sold, or made a decision to sell, a portion of its business) .Such a requirement aids users of the income statement in predicting future earnings.

A) income from discontinued operations
B) extraordinary items
C) changes in accounting principles
D) sale of individual assets
E) none of the above