On the income statement,income from discontinued operations is shown:
A) as an accounting principle change.
B) without any income tax effect.
C) as a separate section of income from continuing operations.
D) net of taxes after income from continuing operations.

Question

On the income statement,income from discontinued operations is shown: 
A) as an accounting principle change.
B) without any income tax effect.
C) as a separate section of income from continuing operations.
D) net of taxes after income from continuing operations.

Quizplus · Accepted Answer

Income from discontinued operations is reported net of taxes and is shown after income from continuing operations on the income statement.

On the Income Statement,income from Discontinued Operations Is Shown