- CFA Exams
- CFA Level I Exam
- Topic 4. Financial Statement Analysis
- Learning Module 2. Analyzing Income Statements
- Subject 4. Non-Recurring Items
CFA Practice Question
True or False? If the gain from an unusual item of $30,000 has occurred, it should be reported net of taxes at more than $30,000.
Correct Answer: False
The gain from an unusual item, net of taxes, is less than $30,000. Net of taxes means that taxes are subtracted from the extraordinary gain of $30,000.
User Contributed Comments 0
You need to log in first to add your comment.