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Revenues from Marketable Securities and Investments in Securities, Interest Expense

Question 3

Multiple Choice

Revenues from marketable securities and investments in securities, interest expense on borrowings, and gains and losses from peripheral activities appear as _____.The firm expects these sources of earnings to continue.


A) income from continuing operations
B) income, gains, and losses from discontinued operations
C) extraordinary gains and losses
D) retained earnings
E) paid-in-capital

Correct Answer:

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