Listed below are five items or sections that may be found in a multiple-step income statement. Place the numbers 1 through 5 in to indicate the sequence of these items or sections in the income statement (with 1 assigned to the first item or section, and so on).
-Discontinued operations
A) 1
B) 2
C) 3
D) 4
E) 5

Question

Quizplus · Accepted Answer

Discontinued operations are typically presented after income from continuing operations and before net income, making it the fourth item in the sequence of a multiple-step income statement.

Listed Below Are Five Items or Sections That May Be