Which of the following items would we report in the income statement just before net income? a. Losses due to the write-down of inventory.b. Gain on the sale of long-term assets.c. Discontinued operations.d. Losses due to restructuring.

Which of the following items would we report in the income statement just before net income? a. Losses due to the write-down of inventory.b. Gain on the sale of long-term assets.c. Discontinued operations.d. Losses due to restructuring.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter14: Corporation Accounting

Section: Chapter Questions

Problem 20MC: Which of the following is a measurement of earnings that represents the profit before interest,...

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Question

Which of the following items would we report in the income statement just before net income?
a. Losses due to the write-down of inventory.
b. Gain on the sale of long-term assets.
c. Discontinued operations.
d. Losses due to restructuring.

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