Question: The FASB has developed specific guidelines for what to include in income (Income Statement) and how to report certain unusual and infrequent items. Discuss the

The FASB has developed specific guidelines for what to include in income (Income Statement) and how to report certain unusual and infrequent items.

Discuss the appropriate treatment in the income statement for the following items:

(a)

Loss on discontinued operations.
(b)

Noncontrolling interest allocation.
(c)

Earnings per share.
(d)

Unusual and Infrequent Gains and Losses.

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