Why are unusual or infrequent items disclosed before tax, Accounting Standards

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Why are unusual or infrequent items disclosed before tax

Response to the following questions:

1. A health food distributor selling wholesale dairy products and vitamins decides to discontinue the division that sells vitamins. How should this discontinuance be classified on the income statement?

2. Why are unusual or infrequent items disclosed before tax?

3. In the future, we should expect few presentations of a "cumulative effect of change in accounting principle." Comment.

If possible, please give examples to better understand your response.

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Accounting Standards: Why are unusual or infrequent items disclosed before tax

Reference No:- TGS02106711

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Accounting Standards: Why are unusual or infrequent items disclosed before tax

Reference No:- TGS02106711

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