Assuming there to be no charges to retained income other than dividends that $20,000, the net earnings (loss) because that 2010 was

1. $(20,000).

You are watching: Which of the following would appear as an extraordinary item on the income statement?

2. $(40,000).

3. $20,000.

4. $40,000.

5. $60,000.

Which that the complying with would be classified together an extraordinary article on the revenue statement?

1. Ns on handle of a segment that business

2. Cumulative effect of a change in audit principle

3. A sale of fixed assets

4. An error correction that relates come a front year

5. A loss native a flood in a location that would certainly not be supposed to flood

january 03 2021 10:49 am

1 authorized Answer


LANKA E answer on January 05, 2021
5 Ratings, (11 Votes)


Retained income = heritage - liabilities - resources stock - added paid-in...
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