Which of the following items appears on the income statement before profit from continuing operations?
A)Change in accounting policy
B)Profit from discontinued operations
C)Income tax expense
D)Gain on sale of discontinued operations

Question

Quizplus · Accepted Answer

Income tax expense appears on the income statement before profit from continuing operations, as it is deducted to arrive at the profit from continuing operations.

Which of the Following Items Appears on the Income Statement