Where on the Income statement does a company report an unusual gain not expected to occur more often than once every two years?

Answer 1

extraordinary gains and lossesNo pun intended, but these types of gains

and losses are extraordinarily important to understand. These are nonrecurring,

onetime, unusual, nonoperating gains or losses that are

recorded by a business during the period. The amount of each of these

gains or losses, net of the income tax effect, is reported separately in the

income statement. Net income is reported before and after these gains

and losses. These gains and losses should not be recorded very often, but

in fact many businesses record them every other year or so, causing

much consternation to investors. In addition to evaluating the regular

stream of sales and expenses that produce operating profit, investors

also have to factor into their profit performance analysis the perturbations

of these irregular gains and losses reported by a business.