Which Section of the Income Statement Is NOT Reported Net

question 104

Multiple Choice

Which section of the Income Statement is NOT reported net of income taxes or net of income tax savings?

• A)All sections are reported net of taxes.
• B)Discontinued operations section
• C)Continuing operations section
• D)Extraordinary items section

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Definitions:

Structural Inertia

A theory explaining an organization's resistance to change, due to its established routines and structures.

Resistance To Change

Refers to the act of opposing or struggling with modifications or transformations that alter the status quo in an organization or personal life.

Same Rules

The principle of "same rules" refers to the application of uniform policies and guidelines to all members of a group, organization, or system, ensuring fairness and consistency in decision-making and behavior.

Increased Efficiency

The improvement in performance or productivity, achieving more output from the same or fewer inputs.