All of the Following Are Reported on the Income Statement

question 8

Multiple Choice

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

• A) loss on operations from a discontinued division.
• B) other comprehensive income items.
• C) income from operations.
• D) loss on disposal of a division.

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Definitions:

Financially Attractive

Describes an investment, project, or acquisition that promises significant financial returns or benefits.

Discount Rate

This particular interest rate is utilized for assessing the present value of cash flows to be received in the future, as per discounted cash flow analysis.

Profitability Index

A financial tool used to evaluate the desirability of an investment, calculated as the present value of future cash flows divided by the initial investment cost.

Cash Inflows

Money received by a business from its operational, financing, or investment activities.