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Topic
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Jordan Co. had the following gains during the current period:
Gain on disposal of business segment $500,000
Foreign currency translation gain 100,000
What amount of unusual or infrequently occurring items should be presented on Jordan’s income statement for the current period?I know that the 100K should show up in OCI. OCI is still part of the income statement right? The income statement isn’t just for net income and above?
I also believe the 500K should show up is gain from a discontinued operation.
My answer was $600K. But the program says the answer is ZERO. Why is that?AUD - 93
BEC - 87
FAR - 77
REG - 77------------
Corporate finance leaderBEC - 87 | 02/28
REG - 70 | 06/10, REMATCH | 08/30
AUD - XX | 09/10
FAR - XX | 12/10
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