For income reporting purposes, items can appear in any of the following components of the income statement, the statement of retained earnings, and related schedules and footnotes: a. income from continuing operations or supporting schedules
b. extraordinary gains or losses
c. results from discontinued operations
d. statement of comprehensive income
e. statement of retained earnings
f. disclosure

Several items of accounting information are listed below: Required:
By placing the letters (a-f) in the spaces provided above, identify where the information would be most appropriately reported. If the information would not appear in any of the above components, place an (X) in the space.

Question

For income reporting purposes, items can appear in any of the following components of the income statement, the statement of retained earnings, and related schedules and footnotes: a.	income from continuing operations or supporting schedules
b.	extraordinary gains or losses
c.	results from discontinued operations
d.	statement of comprehensive income
e.	statement of retained earnings
f.	disclosure

Several items of accounting information are listed below:  Required:
By placing the letters (a-f) in the spaces provided above, identify where the information would be most appropriately reported. If the information would not appear in any of the above components, place an (X) in the space.

Quizplus · Accepted Answer

The Answer of For income reporting purposes, items can appear in any of the following components of the income statement, the statement of retained earnings, and related schedules and footnotes: a.	income from continuing operations or supporting schedules
b.	extraordinary gains or losses
c.	results from discontinued operations
d.	statement of comprehensive income
e.	statement of retained earnings
f.	disclosure

Several items of accounting information are listed below:  Required:
By placing the letters (a-f) in the spaces provided above, identify where the information would be most appropriately reported. If the information would not appear in any of the above components, place an (X) in the space.

For Income Reporting Purposes, Items Can Appear in Any of the Following