Information on the income statement is categorized into
A)operating, investing and financing activities.
B)current and non-current activities.
C)continuing and discontinued activities.
D)nature and function activities.

Question

Quizplus · Accepted Answer

Information on the income statement is categorized into continuing and discontinued activities, reflecting ongoing operations and those segments of the business that have been sold or are no longer in operation.

Information on the Income Statement Is Categorized into