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When Transitory Earnings Are Present,which of the Following Correctly Depicts

Question 91

Multiple Choice

When transitory earnings are present,which of the following correctly depicts the order used on the income statement?


A) Income from continuing operations,income tax expense,extraordinary loss,discontinued operations,net income.
B) Income from continuing operations,extraordinary loss,discontinued operations,income tax expense,net income.
C) Income from continuing operations,income tax expense,discontinued operations,extraordinary loss,net income.
D) Income tax expense,income from continuing operations,discontinued operations,extraordinary loss,net income.

Correct Answer:

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