All of the following are reported on the income statement net of tax except
A) loss on operations from a discontinued division.
B) other comprehensive income items.
C) income from operations.
D) loss on disposal of a division.

Question

Quizplus · Accepted Answer

Income from operations is reported on the income statement before tax, not net of tax. The other options are reported on the income statement net of tax.

All of the Following Are Reported on the Income Statement