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could you help me with this problem? Question 01 (Essay) Explain sustainable income. What relationship does...

could you help me with this problem?

Question 01 (Essay)

Explain sustainable income. What relationship does this concept have to the treatment of discontinued operations on the income statement?

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Answer #1

In general, Sustainable income can be defined as level of income to be obtained in the future. It is net income that has been adjusted for out-of-the ordinary revenues, gains, expenses, and losses.

When there is any profit/loss from the discontinued operations, it should be reported in the income statement.

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