Which of the following items should be classified as an unusual item on an income statement?

A) gain on the retirement of a bond payable
B) gain on a sale of a long-term investment
C) loss due to a discontinued operation in Colorado
D) selling treasury stock for more than the company paid for it

Unusual Item

An unusual item in financial accounting refers to a gain or loss that is unusual in nature and infrequent in occurrence, thus being reported separately in the financial statements.

Retirement Of A Bond

The process of paying off the principal amount of a bond at or before its maturity date, effectively canceling the debt obligation.

Long-Term Investment

Long-term investments are financial assets that a company intends to hold for more than one accounting year, such as stocks, bonds, or real estate.