Which of the following is not a component of the income statement?
A) unusual and nonrecurring gains and losses
B) net income
C) income taxes
D) accumulated other comprehensive income

Question

Quizplus · Accepted Answer

Accumulated other comprehensive income is a component of the statement of comprehensive income, not the income statement. The components of the income statement are typically revenue, expenses, gains, losses, income taxes, and net income. Unusual and nonrecurring gains and losses are also included in the income statement.

Which of the Following Is Not a Component of the Income