All of the Following Are Reported on the Income Statement

question 14

Multiple Choice

All of the following are reported on the income statement net of tax except

• A) irregular items.
• B) other comprehensive income items.
• C) income from operations.
• D) extraordinary items.

---

Definitions:

Direct Labour Hours

The cumulative hours employees spend that are directly linked to the manufacturing of goods or the provision of services.

T Accounts

T accounts are a visual aid in accounting to represent general ledger accounts, showing debits on the left side and credits on the right, to track financial transactions.

Direct Labour Cost

The total expense incurred by a company for the wages of the workforce directly involved in manufacturing or producing goods.

Sales Salaries Expense

The total cost associated with compensating the sales force, including wages, commissions, and bonuses.