Which of the Following Is Not Reported Net of Tax

question 52

Multiple Choice

Which of the following is not reported net of tax on the statement of comprehensive income?

• A) Discontinued operations
• B) Other comprehensive income
• C) Other revenues and expenses
• D) Income from continuing operations

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Definitions:

Savings Plan

A strategy designed to help individuals allocate a portion of their income for future use, typically involving deposit accounts or investments.

Semi-Annual Deposits

Deposits made twice a year into a financial account or investment vehicle.

Compounded Quarterly

Refers to the process of calculating interest on both the initial principal and the accumulated interest from previous periods on a quarterly basis.

Compounded Semi-Annually

Interest that is computed and added to the principal twice a year, allowing the investment to grow more rapidly.