Which of the items below may be included on all income statements at finance.yahoo.com,even though they may not be part of an individual company's income statement for that year?
A)Cost of Revenue and Minority Interest
B)Minority Interest and Effect of Accounting Changes
C)Effect of Accounting Changes and Extraordinary Items
D)All of the above

Question

Quizplus · Accepted Answer

All of the options (A, B, and C) may be included on all income statements at finance.yahoo.com, even though they may not be part of an individual company's income statement for that year. Cost of Revenue is a common element that represents the direct costs associated with goods and services sold by a company. Minority Interest is the portion of earnings or losses in a subsidiary company not held by the parent company. Effect of Accounting Changes and Extraordinary Items refer to events that are uncommon or rare in nature and therefore may not occur in an individual company's income statement every year.

Which of the Items Below May Be Included on All