What is the CORRECT order to list line items on the income statement?
A)Extraordinary items,Discontinued operations,Other revenues and expenses
B)Discontinued operations,Extraordinary items,Other revenues and expenses
C)Other revenues and expenses,Discontinued operations,Extraordinary items
D)Other revenues and expenses,Extraordinary items,Discontinued operations

Question

Quizplus · Accepted Answer

The correct order is to list "Other revenues and expenses" first, followed by "Discontinued operations," and then "Extraordinary items" on the income statement.

What Is the CORRECT Order to List Line Items on the Income