The last section of an Income Statement report is:
A)extraordinary items.
B)discontinued operations.
C)continuing operations.
D)income tax expense.

Question

Quizplus · Accepted Answer

The last section of an Income Statement usually shows extraordinary items. These items are events that are unusual or infrequent, and they are reported separately from the regular operating income. Examples of extraordinary items include insurance payouts from natural disasters, expropriations, or write-offs from lawsuits.

The Last Section of an Income Statement Report Is