Which of the Following Items Appears on the Corporate Income

question 11

Multiple Choice

Which of the following items appears on the corporate income statement before Income from Continuing Operations?

• A) Extraordinary gain
• B) Loss from sale of a discontinued segment
• C) Income taxes expense
• D) Income from operations of a discontinued segment

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Definitions:

Claims

Assertions or statements made, usually in writing, that something is the case, often requiring proof or evidence.

Supporting Facts

Evidence or information provided to back up a statement, claim, or idea, enhancing its credibility.

Negative Feedback

a type of feedback where the effect of a small disturbance on a system causes an output that minimizes or counteracts the initial disturbance.

Disciplinary Notice

A formal written statement issued to an employee outlining a violation of policies or procedures and the consequences thereof.