Which of the following items are listed as separate line items on an income statement in...

Which of the following items are listed as separate line items on an income statement in order to facilitate analysis and understanding? (Select all that apply.)

	A gain on sale of a major division of a company
	An increase in the sale price by more than 20%
	The effect on prior years of change in depreciation method
	A loss due to fire

Expert Solution

Solution:

Following items are listed as separate line items on an income statement in order to facilitate analysis and understanding:

1. A gain on sale of a major division of a company

2. A loss due to fire

ekkarill92 answered 2 years ago

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