The major components of the income statement are listed below: A = extraordinary items
B = income from continuing operations
C = earnings per share
D = results from discontinued operations
In what sequence do they normally appear on the income statement?
A)B-A-D-C
B)B-A-C-D
C)B-D-A-C
D)B-D-C-D

Question

Quizplus · Accepted Answer

The typical sequence on the income statement is income from continuing operations, results from discontinued operations, extraordinary items, and finally, earnings per share.

The Major Components of the Income Statement Are Listed Below