Which of the following statements about nonrecurring items is most accurate（）
A. The correction of an accounting error is reported net of taxes below extraordinary items on the income statement.B. Uninsured losses from earthquakes and expropriations by foreign governments can be classified as extraordinary items under U. S. GAAP and reported net of taxes after income from continuing operations.
C. Discontinued operations are classified as unusual or infrequent and are reported as a component of net income from continuing operations.
