CFA Practice Question

There are 534 practice questions for this study session.

CFA Practice Question

Unusual or infrequent items are disclosed ______.

A. together as part of income and reported pretax
B. separately as a component of income from continuing operations and are reported pretax
C. separately as a component of income from continuing operations and are reported after tax
Correct Answer: B

Unusual or infrequent items are disclosed separately as a component of income from continuing operations and are reported pretax.

User Contributed Comments 4

User Comment
Daniel2006 How to define unusual ?
How to define infrequent ?
katybo unusual in nature and infrecuent in time (frecuency)
georgek isn't it possible to not break it out. i believe the text uses the word "may" be separately disclosed. Obviously it is in the company's favor to do so, but is not required (must)
ascruggs92 georgek it is required, not an option. If the text implies it is optional, the text you have read is incorrect
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