The normal ordering of items in the income statement would be best illustrated by which of the following?
a. Extraordinary items, cumulative effects, income from continuing operations, discontinued operations, net income
b. Income from continuing operations, discontinued operations, extraordinary items, cumulative effects, net income
c. Income from continuing operations, extraordinary items, cumulative effects, discontinued operations, net income
d. Discontinued operations, income from continuing operations, extraordinary items, cumulative effects, net income
B
You might also like to view...
The budget that is used as a basis for preparing all other budgets is the:
a. cost of goods sold budget. b. production budget. c. budget balance sheet. d. sales budget.
Rewrite the item using the singular and plural possessive. Make both nouns plural in the plural possessive. Example: desk of the secretary secretary's desk secretaries' desks life of the man
The closing argument includes a summary of the ____, issues, evidence, and conclusions
that may be drawn from the evidence. Fill in the blanks with correct word
Required reserves are insurance against the costs associated with deposit outflows. The higher the costs associated with deposit outflows, the more required reserves banks will want to hold
Indicate whether the statement is true or false