Which of the following items appears on the income statement before profit from continuing operations?
A)loss from discontinued operations (net of income tax)
B)profit from discontinued operations (net of income tax)
C)income tax expense
D)gain on sale of discontinued operations (net of income tax)

Question

Quizplus · Accepted Answer

Income tax expense is included in the calculation of profit from continuing operations, while items related to discontinued operations are reported after.

Which of the Following Items Appears on the Income Statement