Please answer with reason for all why the option is correct and why the other options are incorrect

Please answer correct otherwise skip it

5) Under U.S. GAAP, which of the following would be included in income from continuing operations on the income statement? 1. A large loss from a foreign currency transaction. A union strike that shuts down operations for three months. III. A foreign government takes possession of a company's only plant. IV. Damage to a factory due to an earthquake in an area that had not previously experienced earthquakes