Which of the following items 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 Extraordinary Items
B)Goodwill and Effect of Accounting Changes
C)Effect of Accounting Changes and Deferred Long-Term Asset Charges
D)Cost of Revenue and Treasury Stock

Question

Quizplus · Accepted Answer

Cost of Revenue is a standard item that is included in all income statements, and Extraordinary Items are sometimes included as well depending on the company's financial situation. Goodwill, Effect of Accounting Changes, Deferred Long-Term Asset Charges, and Treasury Stock are all specific to individual companies and would not be included on every income statement.

Which of the Following Items May Be Included on All