Under us gaap extraordinary items and discontinued, Ask an Expert

Accounting

Under US GAAP, extraordinary items and discontinued operations are separately presented in the income statement "below-the-line" and net of tax effect. Discuss this presentation in terms of the relative importance of "transitory" vs. "permanent" income statement items for purposes of users' decision making.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9966148

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