Items Appear on the Income Statement in Which Order

question 74

Multiple Choice

Items appear on the income statement in which order?

• A)Extraordinary gains and losses, income from continuing operations, change in accounting principle, and discontinued operations
• B)Change in accounting principle, discontinued operations, extraordinary gains and losses, and income from continuing operations
• C)Discontinued operations, extraordinary gains and losses, income from continuing operations, and change in accounting principle
• D)Income from continuing operations, discontinued operations, extraordinary gains and losses, and change in accounting principle

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Definitions:

Cardiac

Pertaining to the heart.

Heart

A muscular organ that pumps blood throughout the body, supplying oxygen and nutrients while removing waste products.

Involuntary Muscle Tissue

Muscle tissue that operates without conscious control, responsible for movements in the heart, digestive system, and other organs.

BRCA Analysis

A genetic test that checks for mutations in the BRCA1 and BRCA2 genes, known to increase the risk of breast and ovarian cancer.