D is corrent. An extraordinary gain is included on the income statement if the gain is both infrequent in occurrence and unusual in nature. A gain on disposal of a business segment should be included on the income statement in the calculation of the gain or loss from discontinued operations. A foreign currency translation gain is recorded in other comprehensive income for the period. Neither item is treated as an extraordinary item on the income statement. A is incorrect. An extraordinary gain is included on the income statement if the gain is both infrequent in occurrence and unusual in nature. A gain on disposal of a business segment should be included on the income statement in the calculation of the gain or loss from discontinued operations. A foreign currency translation gain is recorded in other comprehensive income for the period. Neither item is treated as an extraordinary item on the income statement. B is incorrect. An extraordinary gain is included on the income statement if the gain is both infrequent in occurrence and unusual in nature. A gain on disposal of a business segment should be included on the income statement in the calculation of the gain or loss from discontinued operations. A foreign currency translation gain is recorded in other comprehensive income for the period. Neither item is treated as an extraordinary item on the income statement. C is incorrect. An extraordinary gain is included on the income statement if the gain is both infrequent in occurrence and unusual in nature. A gain on disposal of a business segment should be included on the income statement in the calculation of the gain or loss from discontinued operations. A foreign currency translation gain is recorded in other comprehensive income for the period. Neither item is treated as an extraordinary item on the income statement.
