Which of the following items would be reported at the very bottom of the income statement just before net income?
A)Gain on the sale of long-term assets.
B)Discontinued operations.
C)Loss due to business restructuring.

Question

Quizplus · Accepted Answer

Discontinued operations are reported at the bottom of the income statement, separate from continuing operations, to give a clear view of ongoing business performance.

Which of the Following Items Would Be Reported at the Very