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Basic Question 11 of 13
The order in which non-recurring items appear on an income statement is:
B. accounting changes, discontinued operations, unusual or infrequent items.
C. discontinued operations, unusual or infrequent items, accounting changes.
A. Unusual or infrequent items, accounting changes, discontinued operations.
B. accounting changes, discontinued operations, unusual or infrequent items.
C. discontinued operations, unusual or infrequent items, accounting changes.
User Contributed Comments 12
| User | Comment |
|---|---|
| DaBlasta | Use acronym 'IDEA' I- Income from continuing D- Discontinued E- Extra ordn A- Accn chngs |
| kutta2102 | good one! |
| larc4eva | Thanks DaBlasta! |
| meghanchloe | i love this! Thanks DaBlasta |
| bujjipapa | great.. easy to remember |
| brahmareddy | Thanks .. nice idea |
| dipu617 | Thanks DaBlasta. :-) |
| ppboi16 | Wow... IDEA.. Beautiful, Thanks! |
| jonan203 | IDEA, awesome keep em coming guys! |
| silky11 | THANKS..ITS A GOOD ONE |
| farhan92 | IDEA is great!! - who is this Einstien equivalent genius that conjured up such epicness |
| Inaganti6 | @farhan92 Hey Einstein, it's Einstein. |
I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz
Learning Outcome Statements
describe the financial reporting treatment and analysis of non-recurring items (including discontinued operations, unusual or infrequent items) and changes in accounting policies
CFA® 2024 Level I Curriculum, Volume 2, Module 2.