The Major Components of the Income Statement Are Listed Below

question 9

Multiple Choice

The major components of the income statement are listed below: A = extraordinary items
B = income from continuing operations
C = earnings per share
D = results from discontinued operations
In what sequence do they normally appear on the income statement?

• A)B-A-D-C
• B)B-A-C-D
• C)B-D-A-C
• D)B-D-C-D

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Definitions:

Vertical Integration

A strategy where a company expands its operations into different stages of production, often including the supply chain, to control costs and improve efficiency.