CFA Practice Question

There are 534 practice questions for this study session.

CFA Practice Question

True or False? If an extraordinary gain of $30,000 has occurred, it should be reported net of taxes at more than $30,000.
Correct Answer: False

The extraordinary gain, net of taxes, is less than $30,000. Net of taxes means that taxes are subtracted from the extraordinary gain of $30,000.

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