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The effect of a material transaction that is infrequent in occurrence but not unusual in nature should be presented separately as a component of income from continuing operations when the transaction results in a:
Suggested Answer: A
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Choice 'a' is correct, Yes - Yes. A material transaction that is 'infrequent in occurrence' but not 'unusual in nature' should be presented separately as a component of 'income from continuing operations' when the transaction results in a gain or loss.
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