An income statement would not include
A) other revenue and gains.
B) income from operations.
C) discontinued operations.
D) dividends paid.

Question

Quizplus · Accepted Answer

An income statement shows the revenues and expenses of a company over a specific period of time. It includes items such as other revenue and gains, income from operations, and discontinued operations. However, dividends paid are not included on an income statement as they are not considered an expense and do not impact the calculation of net income.

An Income Statement Would Not Include