Which of the Following Items Appear on the Corporate Income

question 12

Multiple Choice

Which of the following items appear on the corporate income statement before income from continuing operations?

• A) cumulative effect of a change in accounting principle
• B) income tax expense
• C) extraordinary gain
• D) loss on discontinued operations

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Definitions:

Multinational

Referring to a corporation or an entity that operates in multiple countries around the world.

Network

A group or system of interconnected people or things.

Geographic Designs

The arrangement of organizational structures or activities based on geographical regions or locations.

Manager

An individual in an organization responsible for directing and overseeing the work and performance of a group of people.