All the following items are reported net of taxes below net income from continuing operations on the income statement EXCEPT: A. extraordinary items. B. expropriations by foreign governments. C. unusual or infrequent items.
Unusual or infrequent items appear as a component of net income from continuing operations and are reported "above the line." Extraordinary items, such as expropriations, are unusual and infrequent and appear "below the line."
