When Preparing an Income Statement, Which of the Following Is

question 5

Multiple Choice

When preparing an income statement, which of the following is the proper order for income statement components?

• A) Comprehensive income, Other comprehensive income items, Net income
• B) Net income, Comprehensive income, Other comprehensive income items
• C) Net income, Other comprehensive income items, Comprehensive income
• D) Other comprehensive income items Net income, Comprehensive income

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Definitions:

Acute

Acute refers to conditions or diseases that have a sudden onset and severe symptoms but are usually of short duration.

Ornithosis

An infectious disease also known as psittacosis, contracted from birds, particularly parrots, pigeons, and poultry.

Psittacosis

An infectious disease primarily transmitted to humans from birds, particularly parrots, caused by the bacterium Chlamydia psittaci.

Parrot Fever

Also known as Psittacosis, an infectious disease transmitted to humans by birds, particularly from the parrot family.