Current Attempt in Progress

Assume a firm elects to adopt ASU $2015-01-$Extraordinary and Unusual Items. Unusual and

infrequently occurring events are reported as:

A separate line item appearing within income from continuing operations.

An extraordinary item appearing net$-$of$-$tax within income from continuing operations.

A separate line item appearing below income from continuing operations.

An extraordinary item appearing net$-$of$-$tax as a separate line item below income from

continuing operations.