Which of the following is the correct order of the sections of a multiple step income statement?
A) The correct order of the steps is income from discontinued operations, extraordinary items, income from continuing operations, and net income.
B) The correct order of the steps is income from discontinued operations, income from continuing operations, extraordinary items, and net income.
C) The correct order of the steps is income from continuing operations, extraordinary items, income from discontinued operations, and net income.
D) The correct order of the steps is income from continuing operations, income from discontinued operations, extraordinary items, and net income.
Correct Answer:
Verified
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