The Order of Presentation of Nontypical Items That May Appear

question 165

Multiple Choice

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

• A)Extraordinary items, Discontinued operations, Other revenues and expenses.
• B)Discontinued operations, Extraordinary items, Other revenues and expenses.
• C)Other revenues and expenses, Discontinued operations, Extraordinary items.
• D)Other revenues and expenses, Extraordinary items, Discontinued operations.

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Definitions:

Democratized

The process of making something accessible to or governed by the principles of democracy, such as ensuring equal access and participation.

American Christianity

A diverse expression of Christianity in the United States reflecting the country's cultural heterogeneity and history of religious freedom.

Transportation

The movement of goods or people from one location to another through various means such as roads, railways, airways, waterways, and pipelines, which is essential for commerce and daily life.