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:

Environmental Scanning

The process of systematically gathering, analyzing, and interpreting external information that may impact an organization's plans and decisions.

Organizational Variables

Factors or characteristics within an organization that can influence its operations, culture, and outcomes.

HR Policy

A set of formal guidelines and procedures drafted by an organization to manage its workforce effectively, covering aspects like recruitment, training, and benefits.

Specialist Workers

Employees who possess expert knowledge or skills in a specific field or area of professional practice.