READING VERIFICATION FORM ‑ CHAPTER 4

Spiceland and Sepe

1. What two approaches are used in reporting the individual expenses, revenues, losses, and gains of income from continuing operations?

 2.How do the components of the amount reported for discontinued operations differ when the component of an entity has been sold in comparison with when the component of an entity is considered held for sale?

 3. What are the criteria for extraordinary items?

 4. What are two items that are reported in comprehensive income that are not reported in net income?

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