Accounting information might be separately reported in any of the following components of the income statement or statement of retained earnings and their supporting schedules and footnotes:
a. income from continuing operations or supporting schedules
b. extraordinary gains or losses
c. footnote disclosure
d. statement of retrined earnings
e. results from discontinued operations

Several items of accounting information are listed below.
Required:
By placing the letters (a-e)in the space provided above, identify where the information would be most appropriately reported.If the information would not appear in any of the above components, place an (X)in the space.Items may be reported in more than one location.

Question

Accounting information might be separately reported in any of the following components of the income statement or statement of retained earnings and their supporting schedules and footnotes:
 a. income from continuing operations or supporting schedules
b. extraordinary gains or losses
c. footnote disclosure
d. statement of retrined earnings
e. results from discontinued operations
 
Several items of accounting information are listed below.
  Required:
By placing the letters (a-e)in the space provided above, identify where the information would be most appropriately reported.If the information would not appear in any of the above components, place an (X)in the space.Items may be reported in more than one location.

Quizplus · Accepted Answer

The Answer of Accounting information might be separately reported in any of the following components of the income statement or statement of retained earnings and their supporting schedules and footnotes:
 a. income from continuing operations or supporting schedules
b. extraordinary gains or losses
c. footnote disclosure
d. statement of retrined earnings
e. results from discontinued operations
 
Several items of accounting information are listed below.
  Required:
By placing the letters (a-e)in the space provided above, identify where the information would be most appropriately reported.If the information would not appear in any of the above components, place an (X)in the space.Items may be reported in more than one location.

Accounting Information Might Be Separately Reported in Any of the Following