The Normal Ordering of Items in the Income Statement Would

question 25

Multiple Choice

The normal ordering of items in the income statement would be best illustrated by which of the following?

• A) Extraordinary items,cumulative effects,income from continuing operations,discontinued operations,net income
• B) Income from continuing operations,discontinued operations,extraordinary items,cumulative effects,net income
• C) Income from continuing operations,extraordinary items,cumulative effects,discontinued operations,net income
• D) Discontinued operations,income from continuing operations,extraordinary items,cumulative effects,net income

---

Definitions:

Feeder Funds

Investment funds that aggregate capital commitments from investors into a master fund for investing in specific assets.

Hedge Funds

Investment funds that employ different strategies to earn active return, or alpha, for their investors, often including leverage, short-selling, and derivatives.

Managed Futures

Investment strategies that involve the use of futures contracts as part of a broader investment strategy managed by professional investment managers.

Market-neutral Hedge Funds

Investment funds that seek to generate returns by exploiting price differences between related assets while maintaining a neutral exposure to market movements.