Which of the Following Is Not a Generally Practiced Method

question 59

Multiple Choice

Which of the following is not a generally practiced method of presenting the income statement?

• A) Including prior period adjustments in determining net income.
• B) The condensed income statement.
• C) The consolidated income statement.
• D) Including gains and losses from discontinued operations of a component of a business in determining net income.

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Definitions:

Pubic Region

The area of the lower abdomen located above the genitalia and below the belly button, part of the pelvis.

Epigastric Region

An area of the abdomen located just above the stomach and below the ribs, often associated with abdominal organs like the liver and pancreas.

Umbilical Region

The central area of the abdomen located around the navel or umbilicus, commonly used as a reference point in anatomy.

Lungs

The primary organs of the respiratory system, responsible for gas exchange where oxygen is absorbed and carbon dioxide is released.