The Major Components of the Income Statement Are Listed Below

question 51

Multiple Choice

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

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

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Definitions:

Legal Power

The authority vested by law in an entity or individual to make decisions, enforce rules, or control resources.

Mediator

An impartial individual who facilitates communication and negotiation between disputing parties to help them reach a voluntary agreement.

Two-Party Negotiation

A process where two parties discuss their differences and attempt to reach an agreement or solution.

Compatible Interests

Interests that align well together, allowing individuals or groups to engage cooperatively in activities or goals.