[单选题]
During the current year, both Raim Co. and Cane Co. suffered losses due to the flooding of the Mississippi River. Raim is located two miles from the river and sustains flood losses every two to three years. Cane, which has been located 50 miles from the river for the past 20 years, has never before had flood losses. How should the flood losses be reported in each company's income statement under U.S. GAAP?Raim Cane
A .Raim As a component of income from continuing operations; Cane As an extraordinary item
B .Raim As an extraordinary item;Cane As a component of income from continuing operations
C .Raim As an extraordinary item;Cane As an extraordinary item
D .Raim As a component of income from continuing operations; Cane As a component of income from continuing operations
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