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

Question

Quizplus · Accepted Answer

The typical sequence on an income statement starts with revenues (A), followed by operating income (E), income from continuing operations (B), results from discontinued operations (D), and finally, earnings per share (C).

The Major Components of the Income Statement Are Listed Below