The normal ordering of items in the income statement would be best illustrated by which of the following?
A) Extraordinary items,cumulative effects,income from continuing operations,discontinued operations,net income
B) Income from continuing operations,discontinued operations,extraordinary items,cumulative effects,net income
C) Income from continuing operations,extraordinary items,cumulative effects,discontinued operations,net income
D) Discontinued operations,income from continuing operations,extraordinary items,cumulative effects,net income

Question

Quizplus · Accepted Answer

The normal order in an income statement is: income from continuing operations, discontinued operations, extraordinary items, cumulative effects, and then net income.

The Normal Ordering of Items in the Income Statement Would