The Order of Presentation of Items That May Appear on the Statement

question 79

Multiple Choice

The order of presentation of items that may appear on the statement of comprehensive income is

• A) Other comprehensive income Discontinued operations Other revenues and expenses.
• B) Discontinued operations Other comprehensive income Other revenues and expenses.
• C) Other revenues and expenses Discontinued operations Other comprehensive income.
• D) Other revenues and expenses Other comprehensive income Discontinued operations.

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Definitions:

Importation of Rum

The historical trade of rum, a distilled alcoholic beverage made from sugarcane byproducts, which was part of the triangular trade involving slaves, cash crops, and manufactured goods between the Americas, Africa, and Europe.

Smuggling

The illegal transport of objects, substances, information, or people, such as out of a house or buildings, into a prison, or across an international border, in violation of applicable laws or other regulations.

French and Indian War

A conflict between 1754 and 1763 in North America, part of a global struggle between France and Britain, leading to British dominance in North America.