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:

Pancreatic Beta Cells

Specialized cells in the pancreas responsible for the production and release of insulin.

Type 1 DM

A form of diabetes mellitus where the pancreas produces little to no insulin, requiring daily insulin administration.

Type 1 DM

A chronic condition where the pancreas produces little or no insulin, necessitating daily insulin administration.

Diabetic Foot Ulcers

Diabetic Foot Ulcers are chronic sores that occur on the feet of people with diabetes, often due to neuropathy, poor circulation, and infection risk, requiring careful management.