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Popson Inc. incurred a material loss that was unusual in character. This loss should be...

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Accounting

Popson Inc. incurred a material loss that was unusual in character. This loss should be reported as:

a) A line item within income from continuing operations.

b) A discontinued operation.

c) A line item between income from continuing operations and income from discontinued operations.

d) A line item in the retained earnings statement.

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