What Is the Correct Order to Present the Following Items

question 38

Multiple Choice

What is the correct order to present the following items in the income statement?

• A)Other revenues and expenses,income tax expense,discontinued operations,net income.
• B)Other revenues and expenses,income tax expense,net income,discontinued operations.
• C)Discontinued operations,net income,other revenues and expenses,income tax expense.

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Definitions:

Positive Message

Communication that conveys good news, optimism, or any positive information to the receiver.

Transmission

The act of sending or conveying something from one person, place, or thing to another.

Information

Data, facts, or details obtained through research, experience, or instruction, which can be analyzed or used to make decisions.

Sender

The person or entity who initiates a message or package to be delivered to a recipient.