Income from continuing operations, excluding special or nonrecurring items, is generally regarded as:Multiple Choicea) value-irrelevant earnings.b) transitory earnings.c) abnormal earnings.d) permanent earnings.

Respuesta :

Income from continuing operations, excluding special or nonrecurring items, is generally regarded permanent earnings and transitory earning.

What exactly is meant by "income from continuous activities"?

A company's continued operations are recorded in the net income category known as "income from continuing operations" on the income statement. Money from ongoing activities is sometimes referred to as operating income. The bulk of successful firms rely mostly on ongoing operations for their income.

The revenue a company makes from its main business operations less the costs it has to pay to make that revenue is the income from ongoing operations. The after-tax profits the company makes from its ongoing activities are noted in this line item on the income statement.

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