The primary purpose of showing special types of eventsseparately in the income statement is to:a. Increase earnings per share.b. Assist users of the income statement in evaluating theprofitability of normal, ongoing operations. c. Minimize the income taxes paid on the results of ongo-ing operations. d. Prevent unusual losses from recurring.
The primary purpose of showing special types of eventsseparately in the income statement is to:a. Increase earnings per share.b. Assist users of the income statement in evaluating theprofitability of normal, ongoing operations. c. Minimize the income taxes paid on the results of ongo-ing operations. d. Prevent unusual losses from recurring.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The primary purpose of showing special types of events
separately in the income statement is to:
a. Increase earnings per share.
b. Assist users of the income statement in evaluating the
profitability of normal, ongoing operations.
c. Minimize the income taxes paid on the results of ongo-
ing operations.
d. Prevent unusual losses from recurring.
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