[Jess774]

Hey guys. Could someone help me?

A gain/loss that is unusual and infrequent should be reported as a separate component of income from continuing operations, but not net of tax. A gain/loss that is unusual and infrequent should be disclosed in the notes. Extraordinary items have been eliminated from GAAP as of 12/31/15.

Am I right? I’m getting confused because my Becker FAR textbook was released in 2015. I studied for FAR in 2015 and now am restudying in 2016.

REG - 75
BEC - 70, 64, 81!!!!
FAR - 67, 69, retake: Oct 2016
AUD - 8/25/16

[KJ]

Yes Jess, you are right.

FAR - August 2016
AUD - September 2016
REG - October 2016
BEC - November 2016

Remember: "Everything should be made as simple as possible, but not simpler." - Albert Einstein

[Jess774]

@kanwal78 Great! Thanks! =)

REG - 75
BEC - 70, 64, 81!!!!
FAR - 67, 69, retake: Oct 2016
AUD - 8/25/16

[Author]

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