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NEW QUESTION: 1
An extraordinary item should be reported separately on the income statement as a component of income:
A. Option A
B. Option D
C. Option B
D. Option C
Choice "b" is correct, Yes - No. An extraordinary item should be reported separately on the income
statement as a component of income:
Yes - net of income taxes.
No - after (not before) "discontinued operations of a segment of a business."