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A gain or loss from the extinguishment of debt generally should be classified in the income statement as a(n) A. Component of discontinued operations.
A gain or loss from the extinguishment of debt generally should be classified in the income statement as a(n) A. Component of discontinued operations. B. Extraordinary item. Component of income from continuing operations. OD. Prior-period adjustment.
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Accounting concepts and applications
Authors: Albrecht Stice, Stice Swain
11th Edition
978-0538750196, 538745487, 538750197, 978-0538745482
