List the two distinctly different gains and losses that are included on the income statement after continuing operations.
List the two distinctly different gains and losses that are included on the income statement after continuing operations.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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List the two distinctly different gains and losses that are included on the income statement after continuing operations.
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Step 1
Income Statement of the business shows all incomes and losses of the business and also the net gain or loss at the end of the business. Income Statement includes both income from continuing operations as well as income from discontinuing operations.
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