Items appear on the income statement in which order?
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 income statement typically lists items in the order of Other revenues and expenses, Discontinued operations, and then Extraordinary items.

Items Appear on the Income Statement in Which Order