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

---

Definitions:

Bulimia

is an eating disorder characterized by episodes of binge eating followed by purging, either through vomiting, fasting, or excessive exercise, to prevent weight gain.

Developing

The process of growth or progress, often referring to countries with less advanced economies or to the unfolding of individual potential.

Lifetime Risk

The probability that an individual, over the course of their lifetime, will develop a specific disease or condition.

Monozygotic Twins

Monozygotic twins, also known as identical twins, arise from a single fertilized egg splitting and developing into two genetically identical individuals.